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LEASES
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
LEASES LEASES
The Company leases its offices at various locations under noncancelable operating lease agreements expiring at various dates through 2027. Under the terms of these agreements, the Company also bears the costs for certain insurance, property tax, and maintenance. The terms of certain lease agreements provide for increasing rental payments at fixed intervals.
Total operating lease related costs were as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202020212020
Operating lease cost$333 $171 $807 $490 
Short-term lease cost25 18 77 61 
Total lease cost$358 $189 $884 $551 
The weighted-average remaining term of the Company’s operating leases was 3.7 years and 4.4 years as of September 30, 2021 and December 31, 2020, respectively, and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 7.5% as of both September 30, 2021 and December 31, 2020.
Maturities of operating lease liabilities as of September 30, 2021 were as follows (in thousands):
Fiscal year ending December 31,
Remainder of 2021
$302 
20221,105 
2023945 
2024439 
2025274 
Thereafter424 
Total undiscounted cash flows$3,489 
Less: imputed interest(455)
Present value of lease liabilities$3,034 
Operating lease liabilities, current$980 
Operating lease liabilities, non-current2,054 
$3,034 
See Note 9, for contractual noncancelable commitments.