Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases LeasesThe Company recognizes lease liabilities and ROU assets upon commencement for all material leases with a term greater than 12 months. The Company has elected an expedient not to recognize leases with a lease term of 12 months or less on the balance sheet. These short-term leases are expensed on a straight-line basis over the lease term.
ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date of the lease based on the present value of lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. Lease liabilities are accreted each period and reduced for payments. The ROU asset also includes other adjustments, such as for the effects of escalating rents, rent abatements or initial lease costs. The lease term may include periods covered by options to extend or terminate the lease when it is reasonably certain that the Company will exercise a renewal option, or reasonably certain it will not exercise an early termination option. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement.

The Company has operating leases for facilities and office space as well as finance leases for equipment and vehicles. Operating lease assets and the related lease liabilities are included within the ROU assets—operating leases. The determination of whether an arrangement is, or contains, a lease is performed at the inception of the arrangement. The Company has operating and finance leases for certain facilities, office space, equipment, and vehicles to be used in its operations, with remaining lease terms ranging from monthly to 7 years. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases also include renewal options at the election of the Company to renew or extend the lease for additional years. These optional periods have not been considered in the determination of the ROU or lease liabilities associated with these leases as management did not consider it reasonably certain it would exercise the options. Short-term leases, which have an initial term of 12 months or less, are not recorded in the balance sheet and expense for these leases is recognized on a straight-line basis over the lease term.

The Company’s lease agreements do not contain any termination options, material residual value guarantees, material bargain purchase options or material restrictive covenants. The Company does not have any lease transactions with related parties.
Total lease cost includes the following components for the years ended December 31, 2021 and 2020:

December 31,
20212020
(in thousands)
Operating lease expense cost$656 $644 
Finance Lease Costs
Interest expense7 24 
Amortization expense126 80 
Total finance lease costs$133 $104 
December 31,
20212020
Supplemental balance sheet information
(in thousands)
Operating leases
Operating lease right-of-use assets$2,206 $2,610 
Operating lease liabilities - short-term402 788 
Operating lease liabilities - long-term1,900 1,923 
Total operating lease liabilities$2,302 $2,711 
Finance leases
Finance lease right-of-use assets$154 $313 
Finance lease liabilities - short-term13 160 
Finance lease liabilities - long-term— 28 
Total finance lease liabilities$13 $188 
Weighted-average remaining lease term (years)
Operating leases5.56.2
Finance leases0.81.0
Weighted-average discount rate (%)
Operating leases10.4 %10.5 %
Finance leases8.3 %9.1 %
December 31,
20212020
Cash paid for amounts included in the measurement of lease liabilities(in thousands)
Operating cash outflows from operating leases$639 $137 
Operating cash outflows from finance leases$7 $24 
Financing cash outflows from finance leases$175 $277 
ROU assets obtained in exchange for new lease liabilities
Operating leases$— $355 
Finance leases$— $— 
Maturities of lease liabilities as of December 31, 2021 were as follows:
Years Ending December 31,Operating LeasesFinance Leases
(in thousands)
2022$563 $14 
2023535 — 
2024504 — 
2025429 — 
2026404 — 
Thereafter436 — 
Total future minimum lease payments2,871 14 
Less: Amount of lease payments representing interest(569)(1)
Present value of future minimum lease payments$2,302 $13 
Leases LeasesThe Company recognizes lease liabilities and ROU assets upon commencement for all material leases with a term greater than 12 months. The Company has elected an expedient not to recognize leases with a lease term of 12 months or less on the balance sheet. These short-term leases are expensed on a straight-line basis over the lease term.
ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date of the lease based on the present value of lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. Lease liabilities are accreted each period and reduced for payments. The ROU asset also includes other adjustments, such as for the effects of escalating rents, rent abatements or initial lease costs. The lease term may include periods covered by options to extend or terminate the lease when it is reasonably certain that the Company will exercise a renewal option, or reasonably certain it will not exercise an early termination option. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement.

The Company has operating leases for facilities and office space as well as finance leases for equipment and vehicles. Operating lease assets and the related lease liabilities are included within the ROU assets—operating leases. The determination of whether an arrangement is, or contains, a lease is performed at the inception of the arrangement. The Company has operating and finance leases for certain facilities, office space, equipment, and vehicles to be used in its operations, with remaining lease terms ranging from monthly to 7 years. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases also include renewal options at the election of the Company to renew or extend the lease for additional years. These optional periods have not been considered in the determination of the ROU or lease liabilities associated with these leases as management did not consider it reasonably certain it would exercise the options. Short-term leases, which have an initial term of 12 months or less, are not recorded in the balance sheet and expense for these leases is recognized on a straight-line basis over the lease term.

The Company’s lease agreements do not contain any termination options, material residual value guarantees, material bargain purchase options or material restrictive covenants. The Company does not have any lease transactions with related parties.
Total lease cost includes the following components for the years ended December 31, 2021 and 2020:

December 31,
20212020
(in thousands)
Operating lease expense cost$656 $644 
Finance Lease Costs
Interest expense7 24 
Amortization expense126 80 
Total finance lease costs$133 $104 
December 31,
20212020
Supplemental balance sheet information
(in thousands)
Operating leases
Operating lease right-of-use assets$2,206 $2,610 
Operating lease liabilities - short-term402 788 
Operating lease liabilities - long-term1,900 1,923 
Total operating lease liabilities$2,302 $2,711 
Finance leases
Finance lease right-of-use assets$154 $313 
Finance lease liabilities - short-term13 160 
Finance lease liabilities - long-term— 28 
Total finance lease liabilities$13 $188 
Weighted-average remaining lease term (years)
Operating leases5.56.2
Finance leases0.81.0
Weighted-average discount rate (%)
Operating leases10.4 %10.5 %
Finance leases8.3 %9.1 %
December 31,
20212020
Cash paid for amounts included in the measurement of lease liabilities(in thousands)
Operating cash outflows from operating leases$639 $137 
Operating cash outflows from finance leases$7 $24 
Financing cash outflows from finance leases$175 $277 
ROU assets obtained in exchange for new lease liabilities
Operating leases$— $355 
Finance leases$— $— 
Maturities of lease liabilities as of December 31, 2021 were as follows:
Years Ending December 31,Operating LeasesFinance Leases
(in thousands)
2022$563 $14 
2023535 — 
2024504 — 
2025429 — 
2026404 — 
Thereafter436 — 
Total future minimum lease payments2,871 14 
Less: Amount of lease payments representing interest(569)(1)
Present value of future minimum lease payments$2,302 $13