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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Summary of Lease Liabilities and Right-of-Use Assets

The table below summarizes the Company’s lease liabilities and corresponding right-of-use assets (in thousands, except years and rates):

 

 

2021

 

 

2020

 

Assets

 

 

 

 

 

 

Operating

$

341

 

$

636

 

Financing

 

 

 

7

 

Total leased assets

$

341

 

$

643

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating

$

111

 

$

123

 

Financing

 

10

 

Noncurrent:

 

 

 

 

 

 

Operating

269

 

528

 

Total lease liabilities

$

380

 

$

661

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (years) - operating leases

2.86

 

6.57

 

Weighted-average remaining lease term (years) - finance leases

 

0.42

 

Weighted-average discount rate - operating leases

 

9.00

%

 

7.79

%

Weighted-average discount rate - finance leases

 

N/A

 

 

5.00

%

 

 

Summary of Lease Costs

The table below summarizes the Company’s lease costs from its consolidated statements of operations, and cash payments from its consolidated statements of cash flows.

 

 

 

Year Ended December 31,

 

 

 

 

2021

 

 

2020

 

Lease expense:

 

 

 

 

 

 

 

Operating lease expense

 

$

211

 

$

210

 

Finance lease expense:

 

 

 

 

 

 

 

Depreciation of right-of-use assets

 

 

7

 

127

 

Interest expense on lease liabilities

 

 

4

 

Total lease expense

 

$

218

 

$

341

 

 

 

 

 

 

 

 

 

Cash payment information:

 

 

 

 

 

 

 

Operating cash used for operating leases

 

$

206

 

$

204

 

Financing cash used for financing leases

 

8

 

117

 

Total cash paid for amounts included in the measurement of lease liabilities

 

$

214

 

$

321

 

 

Summary of Future Minimum Annual Lease Payments under Operating and Financing Leases

The Company’s future minimum annual lease payments under operating and financing leases at December 31, 2021 are as follows (in thousands):

 

 

 

 

 

 

 

 

Operating Leases

 

2022

$

159

 

2023

 

137

 

2024

 

113

 

2025

 

18

 

Thereafter

 

 

 

Total minimum lease payments

$

 

427

 

Less: amount representing interest

 

 

(47

)

Present value of obligations under leases

 

 

380

 

Less: current portion

 

 

(111

)

Noncurrent lease obligations

$

 

269