Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2022
Leases  
SCHEDULE OF COMPONENTS OF LEASE COST

Components of lease cost are as follows:

 

(in thousands)   2022     2021  
    For the three months ended March 31,  
(in thousands)   2022     2021  
Operating lease cost   $

472

    $ 434  
Variable lease cost   $ 96     $ 135  
Short-term lease cost   $ 21     $ 5  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of March 31, 2022 are as follows:

 

Maturity of lease liabilities:   (in thousands)  
2022, remainder   $ 1,364  
2023     1,834  
2024     1,879  
2025     1,896  
2026     871  
Thereafter     3,662  
Total undiscounted operating lease payments     11,506  
Less: imputed interest     2,411  
Present value of operating lease liabilities   $ 9,095