Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 346

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 346
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 or residual value guarantees.Supplemental cash flow information related to leases is as follows (in thousands):Six Months Ended June 30,20252024Cash paid for amounts included in measurement of lease liabilities:Operating cash outflows - payments on operating leases$680 $663 Operating cash outflows - payments on financing leases$24 $17 Financing cash outflows - payments on financing leases$14 $20 

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Supplemental balance sheet information related to the Company’s operating and financing leases is as follows (in thousands):June 30, 2025December 31, 2024Operating Leases:Operating lease assets$4,494 $4,998 Operating lease liabilities, short-term$1,205 $1,167 Operating lease liabilities, long-term4,171 4,784 Total operating lease liabilities$5,376 $5,951 Financing Leases:Office furniture and fixtures$386 $386 Accumulated depreciation(240)(221)Net property, plant and equipment$146 $165 Lease liabilities, short-term$50 $47 Lease liabilities, long-term153 170 Total financing lease liabilities$203 $217 Weighted-average remaining lease term - operating leases (in years):4.044.54Weighted-average remaining lease term - financing leases (in years):4.004.50Weighted-average discount rate - operating leases:3.8 %3.8 %Weighted-average discount rate - financing leases:12.0 %12.0 %The components of lease expense were as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Operating lease cost$305 $305 $609 $609 Financing lease cost - amortization of right-of-use asset9 12 18 24 Financing lease cost - interest on lease liability12 9 24 17 Variable lease cost206 237 409 441 Total lease cost$532 $563 $1,060 $1,091 Operating lease cost is recognized on a straight-line basis over the lease term. Total rent expense, including the Company’s share of the lessors’ operating expenses, was  $0.5 million for each of the three months ended June 30, 2025 and 2024, and was $1.0 million and $1.