XML 17 R8.htm IDEA: XBRL DOCUMENT
v3.22.2

LEASES | 6 Months Ended
--- | ---
Jun. 30, 2022
LEASES |
LEASES | 2. LEASES The Company leases equipment and office space pursuant to net operating leases. Operating leases where the Company is the lessee are included in “Operating lease right of use assets” and “Operating lease liabilities” on the unaudited condensed consolidated balance sheets. The lease liabilities are initially and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. The Company has no leases that meet the criteria for classification as a finance lease. Variable lease payments associated with the Company’s leases are recognized when the event, activity, or circumstance in the lease agreement on which those payments are assessed occurs. Variable lease payments, when applicable, are presented as “Gathering and other” or “General and administrative” in the unaudited condensed consolidated statements of operations in the same line item as the expense arising from the fixed lease payments on the operating leases. The Company elected not to recognize right of use assets and lease liabilities for all short-term leases that have a lease term of 12 months or less. The Company recognizes the lease payments associated with its short-term leases when incurred. Variable lease payments associated with these leases are recognized and presented in the same manner as for all other leases. The “Operating lease right of use assets” outstanding on the unaudited condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021 both have initial lease terms of 2.3 years. Payments due under the lease contracts include fixed payments plus, in some instances, variable payments. The table below summarizes the Company’s leases for the six months ended June 30, 2022 and 2021 (in thousands, except term and discount rate): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​
​ |  | 2022 | ​ |  | 2021 |
Lease cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease costs | ​ | $ | 196 | ​ | ​ | $ | 235 | ​
Short-term lease costs | ​ | ​ | 4,003 | ​ | ​ | ​ | 1,889 | ​
Variable lease costs | ​ | ​ | — | ​ | ​ | ​ | 229 | ​
Total lease costs | ​ | $ | 4,199 | ​ | ​ | $ | 2,353 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 196 | ​ | ​ | $ | 328 | ​
Weighted-average remaining lease term - operating leases | ​ | ​ | 1.4 | years | ​ | ​ | 0.2 | years
Weighted-average discount rate - operating leases | ​ | ​ | 4.29 | % | ​ | ​ | 3.70 | %
​ Future minimum lease payments associated with the Company’s non-cancellable operating leases for office space as of June 30, 2022 are presented in the table below (in thousands): ​
​ | ​ | ​ | ​
​ |  | June 30, 2022
Remaining period in 2022 | ​ | $ | 196
2023 | ​ | ​ | 359
2024 | ​ | ​ | —
2025 | ​ | ​ | —
2026 | ​ | ​ | —
Thereafter | ​ | ​ | —
Total operating lease payments | ​ | ​ | 555
Less: discount to present value | ​ | ​ | 16
Total operating lease liabilities | ​ | ​ | 539
Less: current operating lease liabilities | ​ | ​ | 377
Noncurrent operating lease liabilities | ​ | $ | 162
​ ​

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration