Annual report pursuant to Section 13 and 15(d)

Leases

v3.23.1
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases
21. Leases
Total Lease Cost
As described in Note 3, effective January 1, 2022, we adopted ASC 842 using the optional transition method. We did not recast the prior period consolidated financial statements and all prior period amounts and disclosures are presented under ASC Topic 840, "Leases".
The components of rent expense, which are included in selling, general and administrative expenses in the Company's consolidated statements of operations and comprehensive loss, were as follows:
Year Ended December 31, 2022
(in thousands)
Operating lease expense $ 1,861 
Variable lease expense 960 
Short-term lease expense 127 
Sublease income (127)
Total rent expense $ 2,821 
Supplemental Balance Sheet Information
Supplemental operating lease balance sheet information consists of the following:
As of December 31, 2022
(in thousands)
Operating lease right of use assets - net $ 3,586 
Other current liabilities 530 
Operating lease liabilities 3,132 
Total operating lease liabilities $ 3,662 
Other Supplemental Information
Other supplemental operating lease information consists of the following for the year ended December 31, 2022:
Operating cash flows for operating leases (in thousands) $ 1,771 
ROU assets obtained in exchange for new lease liabilities (in thousands) $ 5,225
Weighted average remaining lease term (in years) 9.36
Weighted average discount rate 10.95  %