LEASES (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| LEASES |
|
| Schedule of other lease related balances |
Information about other lease-related balances is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2022 |
|
2021 |
|
Lease cost |
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
1,460 |
|
$ |
323 |
|
Finance lease cost |
|
|
19 |
|
|
— |
|
Short‑term lease cost |
|
|
70 |
|
|
22 |
|
Variable lease cost |
|
|
61 |
|
|
39 |
|
Total lease cost |
|
$ |
1,610 |
|
$ |
384 |
|
Other Information |
|
|
|
|
|
|
|
Operating cash flows used in operating leases |
|
$ |
1,464 |
|
$ |
244 |
|
Operating cash flows used in finance leases |
|
|
21 |
|
|
— |
|
Weighted‑average remaining lease term—operating leases (years) |
|
|
3.5 |
|
|
2.9 |
|
Weighted‑average remaining lease term—finance leases (years) |
|
|
7.6 |
|
|
— |
|
Weighted‑average discount rate—operating leases |
|
|
3.9 |
% |
|
5.5 |
% |
Weighted‑average discount rate—finance leases |
|
|
1.5 |
% |
|
— |
% |
|
| Schedule of future minimum operating lease payments |
Future minimum lease payments under noncancelable operating leases, including immaterial future minimum lease payments under finance leases, at March 31, 2022, are as follows (in thousands):
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 9 months) |
|
$ |
4,633 |
|
$ |
63 |
2023 |
|
|
5,790 |
|
|
84 |
2024 |
|
|
4,386 |
|
|
80 |
2025 |
|
|
3,681 |
|
|
79 |
2026 |
|
|
3,427 |
|
|
79 |
2027 and after |
|
|
5,267 |
|
|
351 |
Total lease payments |
|
|
27,184 |
|
|
736 |
Less amount representing interest |
|
|
(2,685) |
|
|
(53) |
Total lease liability |
|
|
24,499 |
|
|
683 |
Less current portion of lease liability |
|
|
(5,264) |
|
|
(62) |
Lease liability, net of current portion |
|
$ |
19,235 |
|
|
621 |
|
| Schedule of future minimum finance lease payments |
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 9 months) |
|
$ |
4,633 |
|
$ |
63 |
2023 |
|
|
5,790 |
|
|
84 |
2024 |
|
|
4,386 |
|
|
80 |
2025 |
|
|
3,681 |
|
|
79 |
2026 |
|
|
3,427 |
|
|
79 |
2027 and after |
|
|
5,267 |
|
|
351 |
Total lease payments |
|
|
27,184 |
|
|
736 |
Less amount representing interest |
|
|
(2,685) |
|
|
(53) |
Total lease liability |
|
|
24,499 |
|
|
683 |
Less current portion of lease liability |
|
|
(5,264) |
|
|
(62) |
Lease liability, net of current portion |
|
$ |
19,235 |
|
|
621 |
|
| Schedule of components under operating lease arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
|
$ |
192 |
|
— |
|
$ |
— |
|
— |
Interest Income (1) |
|
|
— |
|
9 |
|
|
— |
|
— |
(1) Interest income related to sales-type leases is recorded as a component of revenue in the consolidated statements of operations and comprehensive loss for each of the periods presented.
|
| Schedule of components under sales-type lease arrangements |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
|
$ |
192 |
|
— |
|
$ |
— |
|
— |
Interest Income (1) |
|
|
— |
|
9 |
|
|
— |
|
— |
(1) Interest income related to sales-type leases is recorded as a component of revenue in the consolidated statements of operations and comprehensive loss for each of the periods presented.
|
| Schedule of net investment in sales-type leases |
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2022 |
|
2021 |
Future minimum lease payments receivable |
|
$ |
1,184 |
|
$ |
— |
Less: Allowance for doubtful accounts |
|
|
(523) |
|
|
— |
Net future minimum lease payments receivable |
|
|
661 |
|
|
— |
Less: Unearned interest income |
|
|
(30) |
|
|
— |
Net investment in sales-type leases |
|
$ |
631 |
|
$ |
— |
|
| Schedule of future minimum lease of lessor operating lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 |
|
$ |
243 |
|
$ |
632 |
2023 |
|
|
211 |
|
|
463 |
2024 |
|
|
37 |
|
|
45 |
2025 |
|
|
9 |
|
|
44 |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
500 |
|
$ |
1,184 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
(523) |
Less: Present value discount |
|
|
|
|
|
(30) |
Future minimum lease payments receivable |
|
|
|
|
$ |
631 |
|
| Schedule of future minimum lease of lessor sales-type lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 |
|
$ |
243 |
|
$ |
632 |
2023 |
|
|
211 |
|
|
463 |
2024 |
|
|
37 |
|
|
45 |
2025 |
|
|
9 |
|
|
44 |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
500 |
|
$ |
1,184 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
(523) |
Less: Present value discount |
|
|
|
|
|
(30) |
Future minimum lease payments receivable |
|
|
|
|
$ |
631 |
|