Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Liabilities
Right-of-use assets and lease liabilities as of September 30, 2023 and December 31, 2022 consist of the following:

September 30, 2023 December 31, 2022
Operating Finance   Operating Finance
Assets
Right-of-use assets, net (1)
$ 6,718 $ 928 $ 7,735 $ 893
Liabilities        
Lease obligation - current portion (2)
$ 1,913 $ 212 $ 1,649 $ 179
Lease obligation - long-term portion (3)
6,263 586 7,735 619
Total lease obligations $ 8,176 $ 798 $ 9,384 $ 798
Weighted average remaining lease terms (in years) 3.4 4.1 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 and nine months ended September 30, 2023 and 2022 was immaterial.
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Operating Lease Cost    
Cost of revenues $ 404 $ 356 $ 1,211 $ 878
Research and development 76 77 228 232
Selling, general and administrative 183 230 548 857
Total operating lease cost $ 663 $ 663 $ 1,987 $ 1,967
Schedule of Maturities - Operating Lease Liability
The maturities of the Company’s lease liabilities are as follows:

September 30, 2023
Operating Finance
2023 (remainder of year)
$ 733  $ 59 
2024 2,997  237 
2025 3,043  192 
2026 3,105  160 
2027 518  113 
Thereafter —  95 
Total future minimum lease payments 10,396  856 
Less: imputed interest (2,220) (58)
Total maturities $ 8,176  $ 798 
Schedule of Maturities - Finance Lease Liability
The maturities of the Company’s lease liabilities are as follows:

September 30, 2023
Operating Finance
2023 (remainder of year)
$ 733  $ 59 
2024 2,997  237 
2025 3,043  192 
2026 3,105  160 
2027 518  113 
Thereafter —  95 
Total future minimum lease payments 10,396  856 
Less: imputed interest (2,220) (58)
Total maturities $ 8,176  $ 798