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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

Note 7. Leases

We lease office and warehouse space in various locations, including our corporate headquarters in Austin, Texas. Additionally, we lease space for an applications laboratory and have a membership in a collaborative research facility in Colorado. All of our manufacturing is outsourced to contract manufacturing partners, and we currently do not own or lease any manufacturing facilities.

We utilized a weighted average discount rate of 5.0% in establishing our operating lease right-of-use assets and liabilities at lease inception. At December 31, 2021, our weighted average remaining lease term for our operating leases was 3.9 years.

Our lease expense consisted of the following:

 

 

Year ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

458

 

 

$

288

 

 

$

286

 

Variable lease cost

 

 

 

 

 

 

 

 

 

Short-term lease cost

 

 

100

 

 

 

31

 

 

 

4

 

Total lease cost

 

$

558

 

 

$

319

 

 

$

290

 

 

 

 

 

 

 

 

 

 

 

Reported in:

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

239

 

 

$

38

 

 

$

 

Research and development

 

 

39

 

 

 

 

 

 

 

Selling and marketing

 

 

1

 

 

 

3

 

 

 

 

General and administrative

 

 

279

 

 

 

278

 

 

 

290

 

Total lease cost

 

$

558

 

 

$

319

 

 

$

290

 

Future remaining operating lease payment obligations were as follows:

(in thousands)

 

December 31,
2021

 

2022

 

$

567

 

2023

 

 

520

 

2024

 

 

511

 

2025

 

 

446

 

2026

 

 

54

 

Thereafter

 

 

 

Total lease payments

 

 

2,098

 

Less: imputed interest

 

 

(306

)

Present value of operating lease liabilities

 

$

1,792

 

 

 

 

 

Current portion of operating lease liability

 

$

452

 

Operating lease liability, net of current portion

 

 

1,340

 

Present value of operating lease liabilities

 

$

1,792