Quarterly report pursuant to Section 13 or 15(d)

Right of Use Leased Assets

v3.22.2.2
Right of Use Leased Assets
 9 Months Ended
Sep. 30, 2022
Right Of Use Leased Assets  
Right of Use Leased Assets

Note 8: Right of Use Leased Assets

 

Right of use assets consisted of the following (in thousands):

               
   

September 30,

2022

    

December 31,

2021

  
Office Lease Assets   $ 9,683     $ 3,351  
Equipment Lease Assets     3,056       13  
Right of Use Assets, Gross     12,739       3,364  
                 
Accumulated Amortization     (1,917 )     (579 )
Right of Use Assets, Net   $ 10,822     $ 2,785  

 

During the three months ended September 30, 2022 and 2021, the Company recorded ROU asset amortization expense of $0.7 million and $0.1 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company recorded ROU asset amortization expense of $1.3 million and $0.2 million, respectively.