LEASES

6 Months Ended

Jun. 30, 2021

NOTE 9. LEASES

We lease office space and a vehicle under contracts we classify as operating leases. None of our leases are financing leases.

The following table presents the detail of our lease expense, which is reported in General and administrative expense (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Operating lease expense	$	61	$	83	$	163	$	471
Short-term lease expense	369		47		630		122

Lease expense	$	430	$	130	$	793	$	593

We reported within operating cash flows for the six months ended June 30, 2021 and 2020, $0.1 million and $0.1 million, respectively, of cash paid for amounts included in the measurement of operating lease liabilities.

As of June 30, 2021, our operating leases had a weighted-average remaining lease term of approximately 16 months, and we used a weighted-average discount rate of approximately 13% to measure our operating lease liabilities.

Maturity of Lease Liabilities

The following table presents information regarding the maturities of our undiscounted remaining operating lease payments, with a reconciliation to the amount of the liabilities representing such payments as presented in our June 30, 2021 unaudited Condensed Consolidated Balance Sheet (in thousands):


Operating lease liabilities maturing during the next:
One year	$	283
Two years	103




Total undiscounted cash flows	$	386
Present value of cash flows	$	347

Lease liabilities on balance sheet:
Short-term (included in accrued expenses)	$	249
Long-term	98
Total lease liabilities	$	347

Other

In March 2021, we prepaid the lease expense for short-term leases on properties in the Los Angeles, California and Miami, Florida areas; approximately $0.2 million remained in the balance of Prepaid expense and other current assets as of June 30, 2021.

Significant Judgments

When accounting for our leases, we make certain judgments, such as whether a contract contains a lease or what discount rate to use, that affect the determination of the amount of our lease assets and liabilities. Based on the current facts and circumstances related to our contracts, none of the judgments we make involve an elevated degree of qualitative significance or complexity such that further disclosure is warranted.