Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Assets and Liabilities
Total Right-of-Use (“ROU”) assets (recorded in Other Assets) and lease liabilities (recorded in Accrued expenses and other current liabilities and Other noncurrent liabilities) are as follows:
September 30, December 31,
2021 2020
(In thousands)
Right-of-use assets:
Net book value (Other assets) $ 1,849  $ 633 
Operating lease liabilities:
Current (Accrued expense and other current liabilities) $ 648  $ 494 
Noncurrent (Other noncurrent liabilities) 1,186  232 
1,834  726 
Financing lease liabilities:
Current (Accrued expense and other current liabilities) $ 33  $ — 
Noncurrent (Other noncurrent liabilities) 49  — 
$ 82  $ — 
Total lease liabilities $ 1,916  $ 726 
Lease-Related Balances
Information about lease-related balances were as follows:
Three months ended September 30, Nine months ended September 30,
2021 2020 2021 2020
(In thousands)
Operating lease expense $ 208  $ 143  $ 511  $ 428 
Financing lease expense 9  —  22  — 
Short-term lease expense 41  14  76  46 
Total lease expense $ 258  $ 157  $ 609  $ 474 
Cash paid for leases $ 178  $ 136  $ 805  $ 395 
Weighted – average remaining lease term – operating leases (years) 2.9 1.8 2.9 1.8
Weighted – average discount rate – operating leases 4.4  % 4.5  % 4.4  % 4.5  %
Future Minimum Lease Payments
Future lease payments under non-cancellable operating leases as of September 30, 2021 are as follows:
(In thousands)
Remainder of 2021
 $ 153 
2022 743 
2023 657 
2024 524 
Total operating lease payments $ 2,077 
Less portion representing imputed interest (161)
Total operating lease liabilities $ 1,916 
Less current portion 681 
Long-term portion $ 1,235