Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations (Tables)

v3.21.1
Lease Obligations (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table provides supplemental balance sheet information related to the operating lease ROU asset and lease liabilities:
(in thousands) Balance Sheet Classification March 31, 2021 December 31, 2020
Assets
Operating lease right of-use assets Right-of-use assets $ 5,761  $ 5,489 
Liabilities
Current operating lease liabilities Current operating lease liabilities 1,075  $ 788 
Non-current operating lease liabilities Non-current operating lease liabilities 7,806  7,619 
Total lease liabilities $ 8,881  $ 8,407 
Lease, Cost
(in thousands) Consolidated Statement of Operations March 31,
2021
March 31,
2020
Operating lease costs
Operating lease costs Selling, general and administrative $ 261  $ 65 
Short-term lease costs
Office Building Selling, general and administrative 7  76 
Variable lease costs
Office building Selling, general and administrative 41 
Total rent expense $ 309  $ 142 
The following table represents the weighted-average remaining lease term and discount rate as of March 31, 2021:
As of March 31, 2021
Weighted Average Remaining Lease Term (years) Weighted Average Discount Rate
Operating leases 10.05 5.18%
Lessee, Operating Lease, Liability, Maturity
The following table provides a summary of lease liability maturities for the next five years and thereafter:
(in thousands) Operating Lease Payments
Remainder of 2021 $ 484 
2022 1,144 
2023 1,061 
2024 1,085 
2025 1,110 
Thereafter 6,773 
Total future minimum lease payments 11,657 
Less: lease imputed interest (2,776)
Total future minimum lease payments $ 8,881