Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
Summary of Quantitative Information About Operating Leases

The following summarizes quantitative information about our operating leases (in thousands):

 

    December 31, 2021     December 31, 2020  
    For the Years Ended  
    December 31, 2021     December 31, 2020  
Operating leases                
Operating lease cost   $ 816     $ 11  
Variable lease cost   $ -     $ 1  
Operating lease expense     816       12  
Total rent expense   $ 816     $ 12  

 

 

    December 31, 2021     December 31, 2020  
    For the Years Ended  
    December 31, 2021     December 31, 2020  
Operating cash flows used in operating leases   $ (357 )   $ (11 )
Right-of-use assets obtained in exchange for operating lease liabilities   $ -     $ 4,740  
Weighted-average remaining lease term – operating leases (in years)     9.4       10.3  
Weighted-average discount rate – operating leases     10.00 %     10.00 %
Schedule of Maturity of Operating Leases

Maturities of the Company’s operating leases, excluding short-term leases, are as follows (in thousands):

 

         
Year Ended December 31, 2022   $ 774  
Year Ended December 31, 2023     738  
Year Ended December 31, 2024     747  
Year Ended December 31, 2025     768  
Year Ended December 31, 2026     783  
Thereafter     3,876  
Total     7,686  
Less present value discount     (2,825 )
Operating lease liabilities   $ 4,861