Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities Right-of-use assets and lease liabilities as of March 31, 2023 and December 31, 2022 consist of the following:
March 31, 2023 December 31, 2022
Operating Finance   Operating Finance
Assets
Right-of-use assets, net (1)
$ 7,411 $ 855 $ 7,735 $ 893
Liabilities        
Lease obligation - current portion (2)
$ 1,734 $ 181 $ 1,649 $ 179
Lease obligation - long-term portion (3)
7,262 573 7,735 619
Total lease obligations $ 8,996 $ 754 $ 9,384 $ 798
Weighted average remaining lease terms (in years) 3.9 4.6 4.2 4.8
Weighted average discount rate 15% 4% 15% 4%

(1)Finance right-of-use assets, net are included in “Other assets” on the consolidated balance sheets.
(2)Finance lease obligation – current portion is included in “Accrued expenses and other current liabilities” on the consolidated balance sheets.
(3)Finance lease obligation – long-term portion is included in “Other long-term liabilities” on the consolidated balance sheets.
Schedule of Lease Cost The financing lease cost for the three months ended March 31, 2023 and 2022 was immaterial.
Three Months Ended March 31,
2023 2022
Operating Lease Cost    
Cost of revenues $ 404 $ 261
Research and development 76 308
Selling, general and administrative 183 78
Total operating lease cost $ 663 $ 647
Schedule of Maturities - Operating Lease Liability
The maturities of the Company’s lease liabilities are as follows:

March 31, 2023
Operating Finance
2023 (remainder of year)
$ 2,186  $ 154 
2024 2,997  205 
2025 3,043  160 
2026 3,105  128 
2027 517  82 
Thereafter —  84 
Total future minimum lease payments 11,848  813 
Less: imputed interest (2,852) (59)
Total maturities $ 8,996  $ 754 
Schedule of Maturities - Finance Lease Liability
The maturities of the Company’s lease liabilities are as follows:

March 31, 2023
Operating Finance
2023 (remainder of year)
$ 2,186  $ 154 
2024 2,997  205 
2025 3,043  160 
2026 3,105  128 
2027 517  82 
Thereafter —  84 
Total future minimum lease payments 11,848  813 
Less: imputed interest (2,852) (59)
Total maturities $ 8,996  $ 754