Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases  
Schedule of lease cost

The table below presents certain information related to the lease costs for the Company’s operating leases for the periods indicated (amount in thousands):

Three months ended September 30,

Nine months ended September 30, 

    

2021

    

2020

    

2021

    

2020

Components of total lease costs:

Operating lease expense

    

$

296

    

$

48

$

589

    

$

118

Short-term lease expense

 

120

 

12

 

244

 

47

Total lease cost

$

416

$

60

$

833

$

165

Schedule of weighted average remaining lease term and the weighted average discount rate for the Company's operating leases

    

September 30, 2021

    

December 31, 2020

Weighted average remaining lease term (in years) - operating leases

5.17

3.37

Weighted average discount rate - operating leases

 

5.92

%

7.67

%

Schedule of future lease payments

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of September 30, 2021, for the following five fiscal years and thereafter were as follows (amount in thousands):

    

Operating

Years Ended December 31,

Leases

2021 (remaining)

$

287

2022

 

1,119

2023

 

1,047

2024

 

968

2025

 

847

2026 and thereafter

1,103

Total minimum lease payments

$

5,371

Less effects of discounting

 

(787)

Present value of future minimum lease payments

$

4,584