Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies

v3.22.1
Commitment and Contingencies
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Matters
The Company has and may become party to various legal proceedings and other claims that arise in the ordinary course of business. The Company records a liability when it believes that it is probable that a loss will be incurred, and the amount of loss or range of loss can be reasonably estimated. Management is currently not aware of any matters that it expects will have a material adverse effect on the financial position, results of operations, or cash flows of the Company.

Non-Cancelable Purchase Commitments

As of March 31, 2022, the Company had the following non-cancelable purchase commitments, primarily related to software products and services used to facilitate the Company’s operations at the enterprise level.

Purchase Commitments
(in thousands)
Remainder of 2022 $ 357
2023 402
2024 204
Total lease payments $ 963

The Company currently maintains operating leases for both buildings and equipment under short-term lease arrangements. As of March 31, 2022, the maturities of lease liabilities under non-cancelable operating leases were as follows:

Operating Leases
(in thousands)
Remainder of 2022 $ 99
2023 96
2024 90
Total lease payments $ 285