Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Right-of-Use Asset and Operating Lease Liability (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
June 30, 2023 December 31, 2022
Operating leases:
Operating right-of-use asset $ 23,186  $ 17,692 
Operating lease liability, current 4,380  3,362 
Operating lease liability, long-term 19,833  14,970 
Schedule of Lease Expense and Other Lease Information The following provides details of the Company’s lease expense:
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Lease cost:
Short-term lease cost
 $ 126  $ 59  $ 220  $ 97 
Operating lease cost
 494  227  961  410 
Operating lease cost - Cost of revenue
 1,150  250  2,140  250 
Total $ 1,770  $ 536  $ 3,321  $ 757 
Other information related to leases is presented below:
June 30, 2023
Weighted-average discount rate – operating lease
 9.10  %
Weighted-average remaining lease term – operating lease (in years)
 6.7
Schedule of Expected Annual Minimum Lease Payments
As of June 30, 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
 $ 3,275 
2024 6,189 
2025 5,030 
2026 3,997 
2027 3,857 
Thereafter 10,597 
Total future minimum lease payments, undiscounted
 32,945 
Less: Imputed interest for leases in excess of one year
 (8,732)
Present value of future minimum lease payments
 $ 24,213