Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations (Tables)

v3.21.2
Lease Obligations (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table provides supplemental balance sheet information related to the operating lease ROU assets and lease liabilities:
(in thousands) Balance Sheet Classification September 30, 2021 December 31, 2020
Assets
Operating lease right of-use assets Right-of-use assets $ 5,532  $ 5,489 
Liabilities
Current operating lease liabilities Current operating lease liabilities 1,111  788 
Non-current operating lease liabilities Non-current operating lease liabilities 7,795  7,619 
Total lease liabilities $ 8,906  $ 8,407 
Lease, Cost
Three months ended
September 30,
Nine Months Ended
September 30,
(in thousands) Consolidated Statement of Operations 2021 2020 2021 2020
Operating lease costs
Operating lease costs Selling, general and administrative $ 261  $ 196  $ 783  $ 456 
Short-term lease costs
Office Building Selling, general and administrative 7  74  21  215 
Variable lease costs
Office building Selling, general and administrative 44  124 
Total rent expense $ 312  $ 271  $ 928  $ 674 
The following table represents the weighted-average remaining lease term and discount rate as of September 30, 2021:
As of September 30, 2021
Weighted Average Remaining Lease Term (years) Weighted Average Discount Rate
Operating leases 9.68 5.20%
Lessee, Operating Lease, Liability, Maturity The following table provides a summary of operating lease liabilities maturities for the next five years and thereafter:
(in thousands) Operating Lease Payments
Remainder of 2021 $ 281 
2022 1,143 
2023 1,061 
2024 1,085 
2025 1,109 
Thereafter 6,773 
Total future minimum lease payments 11,452 
Less: lease imputed interest (2,546)
Total future minimum lease payments $ 8,906