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Lease | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Lease | NOTE 10. LEASE The Company has entered into an operating lease for office space located in New York. The lease has an initial term of 64 months, commencing on February 1, 2022. The lease does not provide the Company with renewal options. Total rent expense was approximately $0.2 million for the three months ended March 31, 2022, and consisted entirely of operating lease costs as the Company did no t incur any variable lease costs or short-term lease costs during the period. Supplemental information related to the lease was as follows (dollar amounts in thousands):
|  | Three Months Ended |
|  | March 31, 2022 |
Operating cash flows - operating leases |  | $ | - |
Right-of-use assets obtained in exchange for operating lease liabilities |  | $ | 5,859 |
Weighted-average remaining lease term – operating leases (in years) |  |  | 5.2 |
Weighted-average discount rate – operating leases |  |  | 10.9 | %
As of March 31, 2022, future minimum operating lease payments during the next five years and thereafter are as follows (amounts in thousands):
Remaining Period Ended December 31, 2022 |  | $ | 791 |
Year Ended December 31, 2023 |  |  | 1,581 |
Year Ended December 31, 2024 |  |  | 1,581 |
Year Ended December 31, 2025 |  |  | 1,581 |
Year Ended December 31, 2026 |  |  | 1,581 |
Year Ended December 31, 2027 |  |  | 659 |
Total |  |  | 7,774 |
Less present value discount |  |  | (1,941 | )
Operating lease liabilities |  | $ | 5,833 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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