XML 66 R52.htm IDEA: XBRL DOCUMENT v3.21.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Leases Below is a summary of our right of use asset and lease liability as of September 30, 2021:
As of
September 30,
2021
Right of use asset - Operating leases$24,838 
Operating lease liability$30,407 
Weighted-average remaining lease term (years)7.0
Weighted-average discount rate (1)
7.5 %
(1)    Discount rate was determined by applying available market rates to lease obligations based upon their term.
The following table presents rent expense for the Company’s office leases recorded on the condensed consolidated statements of operations for the following periods:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202020212020
Rent expense for office leases (1)
$2,074 $959 $6,520 $5,196 
(1)     Includes lease expense of $134 for the three months ended September 30, 2020, and $306 and $374 for the nine months ended September 30, 2021 and 2020, respectively, for assets held for sale.
Schedule of Operating Lease Liability Maturity
As of September 30, 2021, the approximate aggregate minimum future lease payments required for our lease liability over the remaining lease periods are as follows:
September 30,
2021
Remainder of 2021$2,195 
20227,855 
20237,074 
20246,170 
20255,557 
2026 and thereafter18,645 
Total minimum payments47,496 
Less: liabilities held for sale(650)
Less: present value adjustment(16,439)
Total $30,407