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Leases | 3 Months Ended
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Mar. 31, 2022
Lessee Disclosure [Abstract] |
Leases | 12. Leases The Company has entered into operating leases for office facilities, financial data terminals and equipment. The Company has no finance leases. The following table provides additional information regarding the Company’s leases:
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Lease cost: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 89 |  |  | $ | 697 |
Short-term lease cost |  |  | 276 |  |  |  | 295 |
Total lease cost |  | $ | 365 |  |  | $ | 992 |
Other information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 97 |  |  | $ | 918 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | n/a |  |  |  | n/a |
Weighted-average remaining lease term (in years) – operating leases |  |  | 1.3 |  |  |  | 8.9 |
Weighted-average discount rate – operating leases |  |  | 4.4 | % |  |  | 6.3 | %
None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations. During the three months ended March 31, 2021, the Company recognized an impairment charge of $303 resulting from the derecognition of a right-of-use asset upon exiting its London office in February 2021, as well as costs incurred to restore the office space to its original condition. This loss is included in impairments in the Consolidated Statements of Operations. The following table discloses future minimum lease payments at March 31, 2022 with respect to the Company’s operating lease liabilities:
Remainder of 2022 |  | $ | 349 |
2023 |  |  | 190 |
2024 |  |  | — |
2025 |  |  | — |
2026 |  |  | — |
2027 and thereafter |  |  | — |
Total future minimum lease payments (undiscounted) |  | $ | 539 |
The following table reconciles the future minimum lease payments (disclosed above) at March 31, 2022 to the operating lease liabilities recognized in the Consolidated Balance Sheets:
Amounts recognized in the Consolidated Balance Sheets |  |  |  |
Lease liability – short term |  | $ | 244 |
Lease liability – long term |  |  | 189 |
Subtotal |  |  | 433 |
Difference between undiscounted and discounted cash flows |  |  | 106 |
Total future minimum lease payments (undiscounted) |  | $ | 539 |

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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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