Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 228

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 228
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 are excluded from the lease term when it is reasonably certain that the Company will not exercise the option. The Company’s leases generally do not contain any material restrictive covenants 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  $