Schedule of lease cost, cash flow information and balance sheet information related to operating and finance leases |
The components of lease cost (in thousands) for the years ended December 31, 2021 and 2020 were as follows: | | | | | | | | | Year Ended December 31, | | | 2021 | | 2020 | Finance lease cost | | | | | | | Amortization of right-of-use assets | | $ | 1,350 | | $ | 1,357 | Interest on lease liabilities | | | 4 | | | 46 | Total finance lease cost | | | 1,354 | | | 1,403 | | | | | | | | Operating lease cost | | | 1,338 | | | 1,511 | | | | | | | | Short-term lease cost | | | — | | | — | Total lease cost | | $ | 2,692 | | $ | 2,914 |
Supplemental cash flow information related to leases (in thousands) for the years ended December 31, 2021 and 2020 was as follows: | | | | | | | | | Year Ended December 31, | | | 2021 | | 2020 | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | Operating cash flows from operating leases | | $ | (1,375) | | $ | (1,534) | Operating cash flows from finance leases | | $ | (5) | | $ | (51) | Financing cash flows from finance leases | | $ | (55) | | $ | (2,326) | Right-of-use assets obtained in exchange for lease obligations | | | | | | | Operating leases | | $ | 1 | | $ | 64 | Finance leases | | $ | — | | $ | — |
Supplemental balance sheet information related to leases (in thousands) as of December 31, 2021 and 2020 was as follows: | | | | | | | | | December 31, | | | 2021 | | 2020 | Operating leases | | | | | | | Operating lease right-of-use assets | | $ | 4,435 | | $ | 5,494 | | | | | | | | Operating lease liabilities - current | | $ | 961 | | $ | 1,109 | Operating lease liabilities - long-term | | | 3,942 | | | 4,899 | Total operating lease liabilities | | $ | 4,903 | | $ | 6,008 | | | | | | | | Finance leases | | | | | | | Property and equipment, at cost | | $ | 8,663 | | $ | 8,663 | Accumulated depreciation | | | (6,293) | | | (4,624) | Property and equipment, net | | $ | 2,370 | | $ | 4,039 | | | | | | | | Finance lease liabilities - current | | $ | 37 | | $ | 54 | Finance lease liabilities - long-term | | | 8 | | | 44 | Total finance lease liabilities | | $ | 45 | | $ | 98 | | | | | | | | Weighted average remaining lease term | | | | | | | Operating leases | | | 4.8 years | | | 5.6 years | Finance leases | | | 0.8 years | | | 1.6 years | | | | | | | | Weighted average discount rate | | | | | | | Operating leases | | | 5.04% | | | 5.04% | Finance leases | | | 5.04% | | | 5.00% |
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Schedule of maturities of lease liabilities |
Maturities of lease liabilities (in thousands) at December 31, 2021 are as follows: | | | | | | | | | Operating Leases | | Finance Leases | January 2022 - December 2022 | | $ | 1,185 | | $ | 39 | January 2023 - December 2023 | | | 1,173 | | | 8 | January 2024 - December 2024 | | | 1,179 | | | — | January 2025 - December 2025 | | | 880 | | | — | January 2026 - December 2026 | | | 897 | | | — | Thereafter | | | 225 | | | — | Total payments under lease agreements | | | 5,539 | | | 47 | | | | | | | | Less imputed interest | | | (636) | | | (2) | | | | | | | | Total lease liabilities | | $ | 4,903 | | $ | 45 |
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