LEASE OBLIGATIONS (Tables)
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6 Months Ended |
Jun. 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 June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Operating lease cost |
$ |
914 |
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$ |
499 |
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$ |
1,800 |
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$ |
956 |
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| Finance lease cost: |
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| Amortization of lease assets |
1,261 |
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710 |
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2,403 |
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1,076 |
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| Interest on lease liabilities |
3,013 |
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2,297 |
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5,914 |
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3,687 |
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| Total finance lease cost |
$ |
4,274 |
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$ |
3,007 |
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$ |
8,317 |
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$ |
4,763 |
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| Variable lease cost |
$ |
89 |
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$ |
83 |
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$ |
182 |
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$ |
158 |
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| Total lease cost |
$ |
5,277 |
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$ |
3,589 |
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$ |
10,299 |
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$ |
5,877 |
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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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June 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 |
11.71 |
% |
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11.40 |
% |
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11.75 |
% |
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11.50 |
% |
| Weighted average remaining lease term (in years) |
22.1 |
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13.8 |
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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 June 30, 2022 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of the year |
$ |
8,718 |
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$ |
1,505 |
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| 2023 |
11,470 |
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3,377 |
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| 2024 |
11,634 |
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3,118 |
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| 2025 |
12,199 |
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2,899 |
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| 2026 |
11,968 |
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2,663 |
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| Thereafter |
265,639 |
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30,183 |
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$ |
321,628 |
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$ |
43,745 |
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| Interest on lease liabilities |
(215,466) |
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(23,975) |
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| Total present value of minimum lease payments |
$ |
106,162 |
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$ |
19,770 |
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| Lease liabilities - current portion |
$ |
13,117 |
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$ |
2,829 |
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| Lease liabilities - non-current |
$ |
93,045 |
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$ |
16,941 |
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| Finance Lease, Liability, Fiscal Year Maturity |
The maturities of the contractual undiscounted lease liabilities as of June 30, 2022 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of the year |
$ |
8,718 |
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$ |
1,505 |
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| 2023 |
11,470 |
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3,377 |
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| 2024 |
11,634 |
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3,118 |
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| 2025 |
12,199 |
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2,899 |
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| 2026 |
11,968 |
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2,663 |
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| Thereafter |
265,639 |
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30,183 |
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$ |
321,628 |
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$ |
43,745 |
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| Interest on lease liabilities |
(215,466) |
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(23,975) |
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| Total present value of minimum lease payments |
$ |
106,162 |
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$ |
19,770 |
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| Lease liabilities - current portion |
$ |
13,117 |
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$ |
2,829 |
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| Lease liabilities - non-current |
$ |
93,045 |
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$ |
16,941 |
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