Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies  
Schedule of lease assets and lease liabilities

The following table reflects our lease assets and our lease liabilities at March 31, 2022 (in thousands).

    

March 31,

    

January 1,

2022

2022

Assets:

Operating lease right-of-use assets

$

188

$

212

Liabilities:

 

  

 

  

Operating lease liabilities, current

$

146

$

148

Operating lease liabilities, non-current

$

143

$

179

Schedule of lease cost

The components of lease costs were as follows (in thousands):

    

Three Months Ended

March 31, 2022

Operating lease cost

$

28

Short term lease cost

15

Total lease cost

$

43

Schedule of maturity of operating lease liabilities

8.    Commitments and Contingencies, continued

As of March 31, 2022, the maturity of operating lease liabilities was as follows (in thousands):

2022 (remaining 9 months)

    

$

112

2023

 

173

2024

 

29

Total lease payments

 

314

Less: Interest

 

(25)

Present value of lease liabilities

$

289

Schedule of lease term and discount rate

    

March 31, 2022

Weighted-average remaining lease term (in years)

 

1.9

Weighted-average discount rate

 

8.0%

Schedule of supplemental cash information related to leases

Supplemental cash flow information related to leases was as follows (in thousands):

    

Three Months Ended

March 31, 2022

Operating cash outflows from operating leases

$

42

Summary of future minimum lease commitments for finance lease

Future minimum lease commitments for the finance lease as of March 31, 2022 are as follows:

(in thousands)

    

    

Payments due in:

 

  

Year ending December 31, 2022 (remaining 9 months)

$

19

Year ending December 31, 2023

 

15

Total minimum lease payments

 

34

Less: Amounts representing interest

 

(1)

Present value of finance lease obligations

 

33

Less: Current portion of finance lease liabilities

 

25

Other liabilities

$

8