LEASE OBLIGATIONS (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Leases [Abstract] |
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| Lease, Cost |
The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Operating lease cost |
$ |
898 |
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$ |
783 |
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$ |
2,698 |
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$ |
1,739 |
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| Finance lease cost: |
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| Amortization of lease assets |
1,532 |
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999 |
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3,935 |
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2,075 |
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| Interest on lease liabilities |
2,754 |
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2,516 |
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8,668 |
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6,203 |
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| Total finance lease cost |
$ |
4,286 |
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$ |
3,515 |
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$ |
12,603 |
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$ |
8,278 |
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| Variable lease cost |
$ |
99 |
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$ |
89 |
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$ |
281 |
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$ |
247 |
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| Total lease cost |
$ |
5,283 |
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$ |
4,387 |
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$ |
15,582 |
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$ |
10,264 |
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Other information related to operating and finance leases as of the balance sheet dates presented are as follows:
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September 30, 2022 |
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December 31, 2021 |
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(unaudited) |
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Finance Leases |
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Operating Leases |
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Finance Leases |
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Operating Leases |
| Weighted average discount rate |
11.23 |
% |
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11.70 |
% |
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11.75 |
% |
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11.50 |
% |
| Weighted average remaining lease term (in years) |
22.7 |
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14.1 |
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22.6 |
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14.6 |
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| Lessee, Operating Lease, Liability, Maturity |
The maturities of the contractual undiscounted lease liabilities as of September 30, 2022 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of the year |
$ |
2,564 |
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$ |
597 |
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| 2023 |
13,454 |
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3,194 |
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| 2024 |
12,037 |
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2,938 |
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| 2025 |
12,377 |
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2,741 |
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| 2026 |
12,466 |
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2,517 |
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| Thereafter |
289,487 |
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29,080 |
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$ |
342,385 |
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$ |
41,067 |
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| Interest on lease liabilities |
(231,561) |
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(22,769) |
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| Total present value of minimum lease payments |
$ |
110,824 |
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$ |
18,298 |
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| Lease liabilities - current portion |
$ |
12,735 |
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$ |
2,661 |
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| Lease liabilities - non-current |
$ |
98,089 |
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$ |
15,637 |
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| Finance Lease, Liability, Fiscal Year Maturity |
The maturities of the contractual undiscounted lease liabilities as of September 30, 2022 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of the year |
$ |
2,564 |
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$ |
597 |
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| 2023 |
13,454 |
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3,194 |
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| 2024 |
12,037 |
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2,938 |
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| 2025 |
12,377 |
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2,741 |
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| 2026 |
12,466 |
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2,517 |
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| Thereafter |
289,487 |
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29,080 |
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$ |
342,385 |
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$ |
41,067 |
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| Interest on lease liabilities |
(231,561) |
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(22,769) |
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| Total present value of minimum lease payments |
$ |
110,824 |
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$ |
18,298 |
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| Lease liabilities - current portion |
$ |
12,735 |
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$ |
2,661 |
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| Lease liabilities - non-current |
$ |
98,089 |
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$ |
15,637 |
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