Quarterly report pursuant to Section 13 or 15(d)

Leases, Commitments and Contingencies (Tables)

v3.22.1
Leases, Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Leases Commitments And Contingencies [Abstract]  
Schedule of Cumulative Effects of Changes Made to the Company

 

The cumulative effects of the changes made to the Company’s January 1, 2022 consolidated balance sheet were as follows:

 

 

 

December 31, 2021

 

 

Adjustments Due to Adoption of New Leasing Standard

 

 

January 1,

2022

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

$

12,117

 

 

$

71

 

 

$

12,188

 

Other assets

 

 

954

 

 

 

1,983

 

 

 

2,937

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Liabilities

 

 

 

 

 

 

 

 

 

 

-

 

Other accrued liabilities

 

$

27,093

 

 

$

1,675

 

 

$

28,768

 

Other non-current liabilities

 

 

13,078

 

 

 

1,057

 

 

 

14,135

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

-

 

Accumulated deficit

 

$

(350,958

)

 

$

(678

)

 

$

(351,636

)

 

Summary of Future Minimum Lease Payments Future undiscounted lease payments for the Company’s operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at December 31, 2021 are as follows:

 

Years ended December 31,

 

 

 

 

2022 (nine months)

 

$

2,095

 

2023

 

 

2,241

 

2024

 

 

1,792

 

Total future minimum lease payments, including short-term leases

 

6,128

 

Less: future minimum lease payments for short-term leases

 

(602

)

Less: imputed interest

 

(569

)

Present value of future minimum lease payments, excluding short-term leases

$

4,957

 

Less: current portion of operating lease liabilities

 

(2,106

)

Non-current portion of operating lease liabilities

 

2,851

 

 

 

 

 

 

Years ended December 31,

 

Sublease Income

 

2022 (nine months)

 

$

782

 

2023

 

 

1,297

 

2024

 

 

1,034

 

Total sublease income

 

$

3,113

 

 

As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 under the previous lease accounting standard, future minimum lease payments at December 31, 2021, on an undiscounted basis, were as follows:    

 

2022

 

$

2,532

 

2023

 

 

2,091

 

2024

 

 

1,730

 

Total minimum payments

 

$

6,353