Commitments and Contingencies |
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| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies |
NOTE 11 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases various office spaces under non-cancellable operating leases expiring through 2029. Rent expense for years ended December 31, 2021, 2020 and 2019 was $
2.7 million, $2.5
million, and $2.3
million, respectively. The future minimum lease payments under operating leases as of December 31, 2021 for the next five years is as follows:
Capital Leases The Company has capital lease obligations in the Netherlands for hardware and software leases. The future minimum lease payments under capital leases as of December 31, 2021 for the next five years is as follows:
Off-Balance-Sheet Credit Exposures The Company has standby letters of credit and bank guarantees of $0.4 million as of December 31, 2021 and 2020, respectively. These contingent liabilities are secured by highly liquid instruments included in restricted cash. Purchase Obligations The Company has vendor commitments primarily relating to carrier and open purchase obligations that the Company incurs in the ordinary course of business. As of December 31, 2021, the purchase commitments were as follows:
Legal Proceedings From time to time, the Company is involved in litigation arising out of the ordinary course of our business. There are no material legal proceedings, other than ordinary routine litigation incidental to the business, to which the Company or any of the Company’s subsidiaries are a party or of which any of the Company or the Company’s subsidiaries’ property is subject. |
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