Leases (Tables)

9 Months Ended

Sep. 30, 2021

Total Right-of-Use (“ROU”) assets (recorded in Other Assets) and lease liabilities (recorded in Accrued expenses and other current liabilities and Other noncurrent liabilities) are as follows:


	September 30,		December 31,
	2021		2020
	(In thousands)
Right-of-use assets:
Net book value (Other assets)	$	1,849	$	633
Operating lease liabilities:
Current (Accrued expense and other current liabilities)	$	648	$	494
Noncurrent (Other noncurrent liabilities)	1,186		232
	1,834		726
Financing lease liabilities:
Current (Accrued expense and other current liabilities)	$	33	$	—
Noncurrent (Other noncurrent liabilities)	49		—
	$	82	$	—
Total lease liabilities	$	1,916	$	726

Lease-Related Balances

Information about lease-related balances were as follows:


	Three months ended September 30,						Nine months ended September 30,
	2021			2020			2021			2020
	(In thousands)
Operating lease expense	$	208		$	143		$	511		$	428
Financing lease expense	9			—			22			—
Short-term lease expense	41			14			76			46
Total lease expense	$	258		$	157		$	609		$	474
Cash paid for leases	$	178		$	136		$	805		$	395
Weighted – average remaining lease term – operating leases (years)	2.9			1.8			2.9			1.8
Weighted – average discount rate – operating leases	4.4		%	4.5		%	4.4		%	4.5		%

Future Minimum Lease Payments

Future lease payments under non-cancellable operating leases as of September 30, 2021 are as follows:


	(In thousands)
Remainder of 2021	$	153
2022	743
2023	657
2024	524
Total operating lease payments	$	2,077
Less portion representing imputed interest	(161)
Total operating lease liabilities	$	1,916
Less current portion	681
Long-term portion	$	1,235