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Leases
6 Months Ended
Jun. 30, 2022
Leases  
Leases

7. Leases

 

Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. 

 

Rent expense for the three and six months ended June 30, 2022 and 2021 was as follows: 

 

 

 

Three months ended June 30,

 


Six months ended June 30,

 

 

2022

 

 

2021

 


2022

2021

Rent expense

 

$

170

 

 

$

175

 


$ 349

$ 359

The Company occupies a 1,350 square-foot facility in Gainesville, Florida under the terms of an operating lease expiring in February 2023The Gainesville facility is used primarily to support the Company's research and development activities. 

 

The Company occupies a 21,443 square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in March 2024, with an option to extend for additional five years. The facility supports the Company's principal administrative, sales, marketing, customer support, and research and product development activities.  

 

The Company occupies a 950 square-foot facility in Austin, Texas under the terms of an operating lease expiring in October 2022. This facility supports the Company's sales, marketing, customer support, and research and development activities.

 


The Company occupies a 6,175 square-foot facility in Chennai, India under the terms of an operating lease expiring in August 2023. This facility supports the Company's administrative, marketing, customer support, and research and product development activities.

 

The Company occupies a 40,000 square-foot warehouse in Salt Lake City, Utah under the terms of an operating lease expiring in April 2025, which serves as the Company's primary inventory fulfillment center.  


Supplemental cash flow information related to leases was as follows: 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 



 

 



 

Operating cash flows from operating leases
$ (356 )
$ (360 )
Right-of-use assets obtained in exchange for lease obligations:







Operating leases
$

$

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Operating lease right-of-use assets

 

$

 1,237

 

 

 $

 1,537

 


 








Current portion of operating lease liabilities, included in accrued liabilities
$ 620

$ 623

Operating lease liabilities, net of current portion

 

 

717

 

 

 

1,026

 

Total operating lease liabilities

 

$

1,337

 

 

$

1,649

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term for operating leases (in years) 

2.19


2.64
Weighted average discount rate for operating leases

5.90 %

5.87 %

  

The following represents maturities of operating lease liabilities as of June 30, 2022:

 

Years ending December 31,

 

 

 

 

2022 (Remainder)

 

$

347

 

2023

 

 

671

 

2024

 

 

343

 

2025

 

 

69

 

2026

 

 

 

Total lease payments

 

 

1,430

 

Less: Imputed interest

 

 

(93

)

Total

 

$

1,337