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Leases

12 Months Ended

Dec. 31, 2021

Leases

Leases

3.	Leases

Information related to right-of-use assets and lease liabilities is as follows:


		Balance Sheet			As of December 31,
Lease Assets and Liabilities		Classification			2021			2020
Right-of-use Assets
Operating lease assets			Other assets		$	1,268		$	2,699
Total right-of-use assets						1,268			2,699
Lease Liabilities
Operating lease liabilities, current			Other accrued liabilities			1,190			1,579
Operating lease liabilities, noncurrent			Noncurrent liabilities			211			1,401
Total lease liabilities					$	1,401		$	2,980

Supplemental information related to the Company’s leases follows:


		As of December 31,
		2021			2020
Right-of-use assets obtained in exchange for new operating leases		$	—		$	846
Weighted-average remaining lease term – operating leases			1.05 years			1.93 years
Weighted average discount rate-operating leases			3.35	%		3.38	%

The remaining lease payments under the Company’s leases follows:


Year ended December 31,		Operating Leases
2022		$	1,210
2023			214
Total lease payments		$	1,424
Less: interest			(23)
Present value of lease liabilities		$	1,401

Lease expense was $1,695 and $1,874 for 2021 and 2020, respectively and is included in general and administrative expenses in the statement of operations.