Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Operating Lease Liability
Future amounts due under operating lease liabilities as of June 30, 2022 were as follows (in thousands):
Remaining 2022 $ 86 
2023 142 
Total lease payments $ 228 
Less: Imputed interest (4)
Total $ 224 
Schedule of Lease Cost
The tables below summarize lease cost for the periods presented (in thousands):
Successor Predecessor
Three Months Ended June 30, 2022 Period from May 18, 2021 through June 30, 2021 Period from April 1, 2021 through May 17, 2021
Operating lease cost $ 50  $ 8  $ 9 
Variable lease cost —  —  — 
Short-term lease cost 10,160  2,160  2,307 
Total lease cost(1)
$ 10,210  $ 2,168  $ 2,316 

Successor Predecessor
Six Months Ended June 30, 2022 Period from May 18, 2021 through June 30, 2021 Period from January 1, 2021 through May 17, 2021
Operating lease cost $ 100  $ 8  $ 41 
Variable lease cost —  —  — 
Short-term lease cost 18,782  2,160  4,496 
Total lease cost(1)
$ 18,882  $ 2,168  $ 4,537 
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(1)    The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.
Supplemental cash flow information related to leases was as follows (in thousands):
Successor Predecessor
Six Months Ended June 30, 2022 Period from May 18, 2021 through June 30, 2021 Period from January 1, 2021 through May 17, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 72  $ 15  $ 48