Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
3 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Weighted Average Remaining Lease Term and Discount Rate for Finance and Operating Leases

The weighted average remaining lease term and discount rate for finance and operating leases are as follows:

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

Finance Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

1.17

 

 

 

2.16

 

Weighted-average discount rate

 

 

10.67

%

 

 

10.71

%

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

Weighted-average remaining lease term in years

 

 

7.35

 

 

 

8.24

 

Weighted-average discount rate

 

 

3.27

%

 

 

3.29

%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

  Amortization of right-of-use assets

 

$

5

 

 

$

5

 

  Interest on lease liabilities

 

 

1

 

 

 

1

 

Operating lease cost

 

 

384

 

 

 

156

 

Short-term lease cost

 

 

4

 

 

 

5

 

Total lease cost

 

$

394

 

 

$

167

 

Future Minimum Payments Required under Non-cancelable Leases

As of June 30, 2022, future minimum payments required under non-cancelable leases were:

 

 

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of 2023

 

$

961

 

 

$

19

 

2024

 

 

1,200

 

 

 

11

 

2025

 

 

1,183

 

 

 

 

2026

 

 

1,189

 

 

 

 

2027

 

 

1,225

 

 

 

 

2028 and thereafter

 

 

3,709

 

 

 

 

Total lease payments

 

 

9,467

 

 

 

30

 

 

 

 

 

 

 

 

Less – amount representing interest

 

 

1,104

 

 

 

2

 

Present value of net minimum lease payments

 

$

8,363

 

 

$

28