Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
Right-of-use assets and lease liabilities as of September 30, 2022 and December 31, 2021 consist of the following:

September 30, 2022 December 31, 2021
Operating Finance   Operating Finance
Assets
Right-of-use assets, net (1)
$ 8,046 $ 932 $ 8,742 $ 208
Liabilities        
Lease obligation - current portion (2)
$ 1,544 $ 177 $ 1,166 $ 36
Lease obligation - long-term portion (3)
8,176 664 9,260 159
Total lease obligations $ 9,720 $ 841 $ 10,426 $ 195
Weighted average remaining lease terms (in years) 4.4 5.0 5.2 5.0
Weighted average discount rate 15% 4% 15% 4%

(1)Finance right-of-use assets, net are included in “Other assets” on the consolidated balance sheets.
(2)Finance lease obligation – current portion is included in “Accrued expenses and other current liabilities” on the consolidated balance sheets.
(3)Finance lease obligation – long-term portion is included in “Other long-term liabilities” on the consolidated balance sheets.
Schedule of Lease Cost The financing lease cost for the three and nine months ended September 30, 2022 and 2021 was immaterial.
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Operating Lease Cost    
Cost of revenues $ 356 $ 121 $ 878 $ 410
Research and development 77 40 232 110
Selling, general and administrative 230 475 857 1,401
Total operating lease cost $ 663 $ 636 $ 1,967 $ 1,921
Schedule of Maturities - Operating Lease Liability
The maturities of the Company’s lease liabilities are as follows:

September 30, 2022
Operating Finance
2022 (remainder of year)
$ 687  $ 51 
2023 2,912  205 
2024 2,997  205 
2025 3,043  160 
2026 3,105  128 
Thereafter 518  166 
Total future minimum lease payments 13,262  915 
Less: imputed interest (3,542) (74)
Total maturities $ 9,720  $ 841 
Schedule of Maturities - Finance Lease Liability
The maturities of the Company’s lease liabilities are as follows:

September 30, 2022
Operating Finance
2022 (remainder of year)
$ 687  $ 51 
2023 2,912  205 
2024 2,997  205 
2025 3,043  160 
2026 3,105  128 
Thereafter 518  166 
Total future minimum lease payments 13,262  915 
Less: imputed interest (3,542) (74)
Total maturities $ 9,720  $ 841