Note 8 - Leases |
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| Lessee, Operating Leases [Text Block] |
8. Leases
Office Lease
On March 26, 2021, the Company entered into a Sublease Agreement to sublet space for its new corporate headquarters. The Sublease Agreement commencement date was April 1, 2021. The Sublease Agreement is for a period of years and three months with monthly rental payments of $17,000, including month of abated rent. On the lease commencement date, the Company recognized an operating lease right-of-use asset in the amount of $0.4 million.
Contract Manufacturing Leases
The Company has entered into commercial supply manufacturing services agreements related to Zalviso and DSUVIA containing fixed fees which it has determined are in-substance lease payments. For additional information on these agreements, refer to Note 9 “Leases” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
The components of lease expense are presented in the following table (in thousands):
The weighted average remaining lease term and discount rate related to the operating leases are presented in the following table:
Maturities of lease liabilities as of September 30, 2022 are presented in the following table (in thousands):
Reported as:
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