Quarterly report pursuant to Section 13 or 15(d)

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

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Right-of-Use Asset and Operating Lease Liability (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
March 31, 2024 December 31, 2023
Operating leases:
Operating right-of-use asset $ 24,576  $ 23,484 
Operating lease liability, current 4,428  4,787 
Operating lease liability, long-term 21,101  19,738 
Schedule of Lease Expense and Other Lease Information
The following provides details of the Company’s lease expense:
Three Months Ended March 31,
2024 2023
Lease cost:
Short-term lease cost
$ 98  $ 94 
Operating lease cost
356  467 
Operating lease cost - Cost of revenue
1,456  990 
Total $ 1,910  $ 1,551 
Other information related to leases is presented below:
March 31, 2024
Weighted-average discount rate – operating lease
8.90  %
Weighted-average remaining lease term – operating lease (in years)
6.3
Schedule of Expected Annual Minimum Lease Payments
As of March 31, 2024, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
Remainder of 2024 $ 4,832 
2025 6,166 
2026 5,846 
2027 4,842 
2028 2,387 
Thereafter 8,779 
Total future minimum lease payments, undiscounted
32,852 
Less: Imputed interest for leases in excess of one year
(7,323)
Present value of future minimum lease payments
$ 25,529