Annual report pursuant to Section 13 and 15(d)

Leases

v3.24.1
Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases
19. Leases
Total Lease Cost
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:
Years Ended December 31,
2023 2022
(in thousands)
Operating lease expense $ 1,287  $ 1,861 
Variable lease expense 245  960 
Short-term lease expense 273  127 
Sublease income —  (127)
Total rent expense $ 1,805  $ 2,821 

Supplemental Balance Sheet Information
As of December 31, 2023 and 2022, supplemental operating lease balance sheet information consisted of the following:
December 31, December 31,
2023 2022
(in thousands)
Operating lease right of use assets - net $ 1,630  $ 3,586 
Other current liabilities 621  530 
Operating lease liabilities 3,041  3,132 
Total operating lease liabilities $ 3,662  $ 3,662 
Other Supplemental Information
Other supplemental operating lease information consisted of the following for the years ended December 31, 2023 and 2022:
Years Ended December 31,
2023 2022
(dollars in thousands)
Operating cash flows for operating leases
 $ 586  $ 1,771 
ROU assets obtained in exchange for new lease liabilities
 $ 222  $ 5,225 
Weighted average remaining lease term (in years) 8.33 9.36
Weighted average discount rate 11.48  % 10.95  %