XML 40 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule of Information Related to ROU Assets and Lease Liabilities

Information related to our ROU assets and related lease liabilities was as follows (dollar amounts in thousands):

 

 

 

September 30,

 

 

 

2021

 

Cash paid for operating lease liabilities

 

$

920

 

Operating lease right-of-use assets

 

 

307

 

 

 

 

 

 

Current operating lease liabilities

 

$

613

 

Non-current operating lease liabilities

 

 

553

 

Total lease liabilities

 

$

1,166

 

 

 

 

 

 

Weighted-average remaining lease term (in years)

 

 

0.32

 

Weighted-average discount rate

 

 

7.2

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of September 30, 2021 were as follows:

 

Years ending December 31,

 

(in thousands)

 

Remainder of 2021(1)

 

$

(253

)

2022

 

 

487

 

2023

 

 

379

 

2024

 

 

388

 

2025

 

 

398

 

Thereafter

 

 

 

 

Total future undiscounted lease payments

 

 

1,399

 

Less: Imputed interest

 

 

(233

)

Total lease liabilities

 

$

1,166

 

 

(1)

Maturities for 2021 is net of lease incentives of $0.9 million allocated to the Palo Alto office.

Future minimum payments required under operating leases as of December 31, 2020 were as follows:

 

Years ending December 31,

 

(in thousands)

 

2021

 

$

742

 

2022

 

 

190

 

Total future minimum payments

 

$

932