Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Summary of Activity of the ROU Assets and Lease Liability The following table shows the activity of the ROU assets and lease liability for the three months ending on March 31, 2022:

 

 

 

Lease

Liability

 

Balance, December 31, 2021

 

$

 

Adoption of ASC 842

 

 

1,976

 

Principal payments

 

 

(199

)

Balance, March 31, 2022

 

 

1,777

 

Less short-term portion

 

 

(769

)

Long term lease liability

 

$

1,008

 

 

 

 

 

 

 

 

ROU Assets

 

Balance, December 31, 2021

 

$

 

Adoption of ASC 842

 

 

1,976

 

Derecognition of deferred rent liability

 

 

(142

)

Impairment of ROU asset

 

 

(978

)

Amortization

 

 

(144

)

Balance, March 31, 2022

 

$

712

 

Future Minimum Lease Payments under Noncancelable Operating Lease Commitments

Future minimum lease payments under noncancelable operating lease commitments are as follows as of March 31, 2022:

 

Year Ending, December 31st,

 

 

 

 

2022

 

$

676

 

2023

 

 

553

 

2024

 

 

467

 

2025

 

 

296

 

Total undiscounted minimum lease commitments

 

$

1,992

 

Effect of discounting

 

 

(215

)

Lease liabilities at March 31, 2022

 

$

1,777