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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Components of Lease Cost

The Company's lease cost for the three months ended March 31, 2022 and 2021, respectively, included the following components:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Operating lease costs

 

$

128

 

 

$

97

 

Short-term lease costs

 

 

27

 

 

 

41

 

Variable lease costs

 

 

4

 

 

 

2

 

Amortization of finance lease assets

 

 

19

 

 

 

14

 

Interest on finance lease liabilities

 

 

2

 

 

 

2

 

Total lease cost

 

$

180

 

 

$

156

 

 

 

 

 

 

 

 

 

 

 

Schedule of Future Minimum Lease Payments under Operating and Finance Leases

The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases recorded on the balance sheet as of  March 31, 2022:

 

 

Year

 

Operating Leases

 

 

Finance Leases

 

2022 (remaining nine months)

 

$

463

 

 

$

45

 

2023

 

 

636

 

 

 

44

 

2024

 

 

581

 

 

 

33

 

2025

 

 

501

 

 

 

15

 

2026

 

 

494

 

 

 

5

 

Thereafter

 

 

2,180

 

 

 

0

 

Total minimum payments required

 

 

4,855

 

 

 

142

 

Less: amount representing interest

 

 

897

 

 

 

8

 

Present value of net minimum lease payments

 

 

3,958

 

 

 

134

 

Less: current maturities of lease obligations

 

 

(495

)

 

 

(53

)

Long-term lease obligations

 

$

3,463

 

 

$

81

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

The weighted average remaining lease terms and discount rates for all the Company’s operating and finance leases were as follows as of March 31, 2022:

 

 

 

March 31, 2022

 

Weighted-average remaining lease term - finance leases

 

2.9 years

 

Weighted-average remaining lease term - operating leases

 

8.2 years

 

Weighted-average discount rate - finance leases

 

3.9%

 

Weighted-average discount rate - operating leases

 

5.0%

 

 

Schedule of Supplemental Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases during the three months ended March 31, 2022 and 2021, respectively:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

200

 

$

100

 

Operating cash flows for finance leases

 

$

2

 

$

2

 

Financing cash flows for finance leases

 

$

19

 

$

16

 

 

Schedule of Classification of ROU Assets and Lease liabilities

The following table summarizes the classification of ROU assets and lease liabilities as of March 31, 2022 and December 31, 2021:

 

Leases

 

Consolidated Balance Sheet Classification

 

March 31, 2022

 

December 31, 2021

 

Assets:

 

 

 

 

 

 

 

 

 

Operating right-of-use assets

 

Other noncurrent assets

 

$

2,206

 

$

2,289

 

Finance right-of-use assets

 

Other noncurrent assets

 

 

128

 

 

148

 

Total leased assets

 

 

 

$

2,334

 

$

2,437

 

Liabilities:

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Accrued liabilities

 

$

495

 

$

475

 

Finance lease liabilities

 

Accrued liabilities

 

 

53

 

 

62

 

Noncurrent

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Long-term liabilities

 

 

3,463

 

 

3,600

 

Finance lease liabilities

 

Long-term liabilities

 

 

81

 

 

92

 

Total lease liabilities

 

 

 

$

4,092

 

$

4,229