Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of other lease related balances

Information about other lease-related balances is as follows (in thousands):


	Three Months Ended March 31,
	2024			2023
Lease cost
Operating lease cost	$	2,330		$	1,501
Short‑term lease cost		86			55
Variable lease cost		21			34
Finance lease cost		27			23
Total lease cost	$	2,464		$	1,613
Other Information
Operating cash flows used in operating leases	$	2,372		$	1,730
Operating cash flows used in finance leases		24			21
Weighted‑average remaining lease term—operating leases (years)		4.1			5.0
Weighted‑average remaining lease term—finance leases (years)		6.1			7.1
Weighted‑average discount rate—operating leases		6.0	%		4.5	%
Weighted‑average discount rate—finance leases		3.1	%		3.1	%

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, 2024, are as follows (in thousands):


	Operating Leases		Finance Leases
2024 (remaining 9 months)	$	7,148	$	58
2025		9,030		77
2026		7,239		77
2027		5,177		77
2028		3,388		77
2029 and after		1,694		238
Total lease payments		33,676		604
Less amount representing interest		(3,860)		(64)
Total lease liability		29,816		540
Less current portion of lease liability		(7,732)		(61)
Lease liability, net of current portion	$	22,084	$	479