Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
Right-of-Use Asset and Operating Lease Liability (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
March 31, 2023 December 31, 2022
Operating leases:
Operating right-of-use asset $ 24,092  $ 17,692 
Operating lease liability, current 4,029  3,362 
Operating lease liability, long-term 20,792  14,970 
Schedule of Lease Expense and Other Lease Information The following provides details of the Company’s lease expense:
Three Months Ended
March 31,
2023 2022
Lease cost:
Short-term lease cost
 $ 94  $ 38 
Operating lease cost
 467  183 
Operating lease cost - Cost of revenue
 990  — 
Total $ 1,551  $ 221 
Other information related to leases is presented below:
March 31, 2023
Weighted-average discount rate – operating lease
 9.00  %
Weighted-average remaining lease term – operating lease (in years)
 6.9
Schedule of Expected Annual Minimum Lease Payments
As of March 31, 2023, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
Remainder of 2023
 $ 4,577 
2024 6,125 
2025 4,989 
2026 3,969 
2027 3,828 
Thereafter 10,622 
Total future minimum lease payments, undiscounted
 34,110 
Less: Imputed interest for leases in excess of one year
 (9,289)
Present value of future minimum lease payments
 $ 24,821