LEASES (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| LEASES |
|
| Schedule of other lease related balances |
Information about other lease-related balances is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
2021 |
|
|
2022 |
|
2021 |
|
Lease cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost |
$ |
1,507 |
|
$ |
593 |
|
|
$ |
4,286 |
|
$ |
1,338 |
|
Finance lease cost |
|
22 |
|
|
1 |
|
|
|
64 |
|
|
2 |
|
Short‑term lease cost |
|
31 |
|
|
37 |
|
|
|
101 |
|
|
82 |
|
Variable lease cost |
|
54 |
|
|
46 |
|
|
|
176 |
|
|
131 |
|
Total lease cost |
$ |
1,614 |
|
$ |
677 |
|
|
$ |
4,627 |
|
$ |
1,553 |
|
Other Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating cash flows used in operating leases |
$ |
1,580 |
|
$ |
673 |
|
|
$ |
4,675 |
|
$ |
1,572 |
|
Operating cash flows used in finance leases |
|
16 |
|
|
2 |
|
|
|
56 |
|
|
4 |
|
Weighted‑average remaining lease term—operating leases (years) |
|
12.8 |
|
|
4.8 |
|
|
|
12.8 |
|
|
4.8 |
|
Weighted‑average remaining lease term—finance leases (years) |
|
7.8 |
|
|
8.5 |
|
|
|
7.8 |
|
|
8.5 |
|
Weighted‑average discount rate—operating leases |
|
4.5 |
% |
|
4.2 |
% |
|
|
4.5 |
% |
|
4.2 |
% |
Weighted‑average discount rate—finance leases |
|
3.1 |
% |
|
1.5 |
% |
|
|
3.1 |
% |
|
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 September 30, 2022, are as follows (in thousands):
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 3 months) |
|
$ |
1,604 |
|
$ |
19 |
2023 |
|
|
6,180 |
|
|
75 |
2024 |
|
|
4,797 |
|
|
71 |
2025 |
|
|
4,043 |
|
|
70 |
2026 |
|
|
3,550 |
|
|
70 |
2027 and after |
|
|
6,281 |
|
|
356 |
Total lease payments |
|
|
26,455 |
|
|
661 |
Less amount representing interest |
|
|
(2,824) |
|
|
(83) |
Total lease liability |
|
|
23,631 |
|
|
578 |
Less current portion of lease liability |
|
|
(5,363) |
|
|
(58) |
Lease liability, net of current portion |
|
$ |
18,268 |
|
$ |
520 |
|
| Schedule of future minimum finance lease payments |
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
2022 (remaining 3 months) |
|
$ |
1,604 |
|
$ |
19 |
2023 |
|
|
6,180 |
|
|
75 |
2024 |
|
|
4,797 |
|
|
71 |
2025 |
|
|
4,043 |
|
|
70 |
2026 |
|
|
3,550 |
|
|
70 |
2027 and after |
|
|
6,281 |
|
|
356 |
Total lease payments |
|
|
26,455 |
|
|
661 |
Less amount representing interest |
|
|
(2,824) |
|
|
(83) |
Total lease liability |
|
|
23,631 |
|
|
578 |
Less current portion of lease liability |
|
|
(5,363) |
|
|
(58) |
Lease liability, net of current portion |
|
$ |
18,268 |
|
$ |
520 |
|
| Schedule of components under operating lease arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
$ |
70 |
$ |
— |
|
$ |
— |
$ |
— |
|
$ |
287 |
$ |
— |
|
$ |
— |
$ |
— |
Interest Income (1) |
|
— |
|
6 |
|
|
— |
|
— |
|
|
— |
|
23 |
|
|
— |
|
— |
(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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
|
|
Operating |
|
Sales-type |
Revenue |
$ |
70 |
$ |
— |
|
$ |
— |
$ |
— |
|
$ |
287 |
$ |
— |
|
$ |
— |
$ |
— |
Interest Income (1) |
|
— |
|
6 |
|
|
— |
|
— |
|
|
— |
|
23 |
|
|
— |
|
— |
(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 |
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
2021 |
Future minimum lease payments receivable |
|
$ |
342 |
|
$ |
— |
Less: Allowance for doubtful accounts |
|
|
— |
|
|
— |
Net future minimum lease payments receivable |
|
|
342 |
|
|
— |
Less: Unearned interest income |
|
|
(16) |
|
|
— |
Net investment in sales-type leases |
|
$ |
326 |
|
$ |
— |
|
| Schedule of future minimum lease of lessor operating lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 (remaining three months) |
|
$ |
— |
|
$ |
68 |
2023 |
|
|
— |
|
|
274 |
2024 |
|
|
— |
|
|
— |
2025 |
|
|
— |
|
|
— |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
— |
|
$ |
342 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
— |
Less: Present value discount |
|
|
|
|
|
(16) |
Future minimum lease payments receivable |
|
|
|
|
$ |
326 |
|
| Schedule of future minimum lease of lessor sales-type lease arrangements |
|
|
|
|
|
|
|
|
|
Operating |
|
Sales-type |
2022 (remaining three months) |
|
$ |
— |
|
$ |
68 |
2023 |
|
|
— |
|
|
274 |
2024 |
|
|
— |
|
|
— |
2025 |
|
|
— |
|
|
— |
2026 |
|
|
— |
|
|
— |
Thereafter |
|
|
— |
|
|
— |
Total minimum lease payments |
|
$ |
— |
|
$ |
342 |
Less: Allowance for doubtful accounts |
|
|
|
|
|
— |
Less: Present value discount |
|
|
|
|
|
(16) |
Future minimum lease payments receivable |
|
|
|
|
$ |
326 |
|