Leases

12 Months Ended

Dec. 31, 2021

Leases

Leases

8. Leases

Finance lease assets are included in fixed assets, net of accumulated depreciation.

The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:

	Classification on the Balance Sheet	December 31, 2021
Assets
Financing lease assets	Property and equipment, net	$	636
Operating lease assets	Operating lease right of use assets		4,032
Total lease assets		$	4,668
Liabilities
Current
Financing lease liabilities	Other accrued expenses	$	79
Operating lease liabilities	Other accrued expenses		1,041
Total current lease liabilities		$	1,120
Noncurrent
Financing lease liabilities	Other long-term liabilities		59
Operating lease liabilities	Operating lease liabilities, net of current portion		3,154
Total long-term lease liabilities			3,213
Total lease liabilities		$	4,333

The weighted average remaining lease term for the Company’s operating leases was 6.4 years as of December 31, 2021 and 7.1 years as of December 31, 2020 and the weighted average discount rate for those leases was 6.5% and 6.0% as of December 31, 2021 and December 31, 2020, respectively. The Company’s operating lease expenses are recorded within “Cost of revenue” and “General and administrative expenses.”

The table below reconciles the undiscounted cash flows to the lease liabilities recorded on the Company’s Consolidated Balance Sheet as of December 31, 2021:

	Operating Leases		Financing Leases
2022	$	1,295	$	86
2023		897		60
2024		567		-
2025		402		-
2026-2030		1,924
Total minimum lease payments		5,085		146
Less: amount of lease payments representing effects of discounting		890		8
Present value of future minimum lease payments		4,195		138
Less: current obligations under leases		1,041		79
Long-term lease obligations	$	3,154	$	59