Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
Right-of-Use Asset and Operating Lease Liability (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
December 31, 2023 December 31, 2022
Operating leases:
Operating right-of-use asset $ 23,484  $ 17,692 
Operating lease liability, current 4,787  3,362 
Operating lease liability, long-term 19,738  14,970 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Year Ended December 31,
2023 2022
Lease cost:
Short-term lease cost
 $ 434  $ 304 
Operating lease cost
 2,072  1,196 
Operating lease cost - Cost of revenue
 4,618  1,379 
Total $ 7,124  $ 2,879 
Other information related to leases is presented below:
December 31, 2023
Weighted-average discount rate – operating lease
 9.00  %
Weighted-average remaining lease term – operating lease (in years)
 6.3
Schedule of Expected Annual Minimum Lease Payments
As of December 31, 2023, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
2024 $ 6,770 
2025 5,459 
2026 5,205 
2027 4,354 
2028 2,707 
Thereafter 8,252 
Total future minimum lease payments, undiscounted
 32,747 
Less: Imputed interest for leases in excess of one year
 (8,222)
Present value of future minimum lease payments
 $ 24,525