|
Note
6. Leases
The
Company leases its laboratory, research and administrative office spaces under various operating leases. In March 2021, the Company recorded
$198
thousand of ROU assets and liabilities upon consummation
of the Merger. As of April 1, 2021 the Company commenced a new lease for its corporate headquarters. The Company recorded a
ROU asset and operating lease obligation of $83
thousand related to this lease.
Amounts
reported in the consolidated balance sheet as of June 30, 2021 and December 31, 2020 are as follows:
Schedule
of Amounts Reported in the Consolidated Balance Sheet
| |
|
2021 |
|
|
2020 |
|
| Operating leases: |
|
|
|
|
|
|
|
|
| Operating lease ROU assets, net |
|
$ |
1,068 |
|
|
$ |
1,095 |
|
| Operating lease current liabilities |
|
$ |
490 |
|
|
$ |
486 |
|
| Operating lease long-term liabilities |
|
|
576 |
|
|
|
627 |
|
| Total operating lease liabilities |
|
$ |
1,066 |
|
|
$ |
1,113 |
|
| Finance leases: |
|
|
|
|
|
|
|
|
| Equipment |
|
$ |
171 |
|
|
$ |
289 |
|
| Accumulated depreciation |
|
|
14 |
|
|
|
289 |
|
| Finance leases, net |
|
$ |
157 |
|
|
$ |
- |
|
| Current installment obligations under finance leases |
|
$ |
31 |
|
|
$ |
- |
|
| Long-term portion of obligations under finance leases |
|
|
66 |
|
|
|
- |
|
| Total finance lease liabilities |
|
$ |
97 |
|
|
$ |
- |
|
Annual
payments of lease liabilities under noncancelable leases as of June 30, 2021 are as follows:
Schedule
of Annual Payments of Lease Liabilities Under Noncancelable Leases
| |
|
|
|
| |
|
Operating leases |
|
| Remainder of 2021 |
|
$ |
396 |
|
| 2022 |
|
|
259 |
|
| 2023 |
|
|
158 |
|
| 2024 |
|
|
136 |
|
| 2025 |
|
|
131 |
|
| 2026 |
|
|
134 |
|
| Thereafter |
|
|
79 |
|
| Total undiscounted lease payments |
|
|
1,293 |
|
| Less: Imputed interest |
|
|
227 |
|
| Total lease liabilities |
|
$ |
1,066 |
|
|