Annual report pursuant to Section 13 and 15(d)

Right-of-Use Asset and Operating Lease Liability (Tables)

v3.22.4
Right-of-Use Asset and Operating Lease Liability (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
Operating leases: December 31, 2022 December 31, 2021
Operating right-of-use asset $ 17,692  $ 713 
Operating lease liability, current 3,362  438 
Operating lease liability, long-term 14,970  278 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
For the Years Ended
Lease cost: December 31,
2022		 September 30,
2021		 October 1, 2021 - December 31, 2021 (Transition Period)
Short-term lease cost
 $ 304  $ 161  $ 65 
Operating lease cost
 1,196  455  144 
Operating lease cost - Cost of revenue
 1,379  —  — 
Total $ 2,879  $ 616  $ 209 
Other information related to leases is presented below:
December 31, 2022
Weighted-average discount rate – operating lease
 8.50  %
Weighted-average remaining lease term – operating lease (in years)
 7.7
Schedule of Expected Annual Minimum Lease Payments
As of December 31, 2022, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
2023 $ 4,811 
2024 4,492 
2025 2,357 
2026 2,016 
2027 2,006 
Thereafter 10,028 
Total future minimum lease payments, undiscounted
 25,710 
Less: Imputed interest for leases in excess of one year
 (7,378)
Present value of future minimum lease payments
 $ 18,332