Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of components of lease costs

The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive loss:

Year Ended

    

December 31, 2023

    

December 31, 2022

Operating lease cost

$

2,587

$

579

Finance lease cost:

Amortization of lease assets

903

1,028

Interest on lease liabilities

377

458

Finance lease costs

1,280

1,486

Total lease cost

$

3,867

$

2,065

Schedule of weighted average discount rates and weighted average remaining lease term

The following table provides the weighted average discount rates and weighted average remaining lease terms for the Company’s leases:

    

December 31, 2023

    

December 31, 2022

Operating leases

Weighted average discount rate

19.1%

8.0%

Weighted average remaining lease term

13.65 years

5.49 years

Finance leases

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

3.82 years

4.66 years

Schedule of maturity of contractual undiscounted finance lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2023 are as follows:

Year ending December 31,

    

Finance

    

Operating

2024

$

1,489

$

2,433

2025

1,212

2,468

2026

926

2,530

2027

916

2,594

2028

310

2,613

Thereafter

69

25,651

Total undiscounted lease liabilities

4,922

38,289

Interest on lease liabilities

(678)

(25,474)

Total present value of minimum lease payments

4,244

12,815

Lease liability - current portion

(1,203)

(72)

Lease liability

$

3,041

$

12,743

Schedule of maturity of contractual undiscounted operating lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2023 are as follows:

Year ending December 31,

    

Finance

    

Operating

2024

$

1,489

$

2,433

2025

1,212

2,468

2026

926

2,530

2027

916

2,594

2028

310

2,613

Thereafter

69

25,651

Total undiscounted lease liabilities

4,922

38,289

Interest on lease liabilities

(678)

(25,474)

Total present value of minimum lease payments

4,244

12,815

Lease liability - current portion

(1,203)

(72)

Lease liability

$

3,041

$

12,743