Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.2.u1
Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases  
Schedule of components of lease costs

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

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2024

    

2023

    

2024

    

2023

Operating lease cost

$

704

$

702

$

1,408

$

1,185

Finance lease cost:

   

   

   

   

Amortization of lease assets

194

257

389

514

Interest on lease liabilities

75

97

155

199

Finance lease costs

269

354

544

713

Total lease cost

$

973

$

1,056

$

1,952

$

1,898

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:

    

June 30, 2024

    

December 31, 2023

Operating leases

Weighted average discount rate

19.1%

19.1%

Weighted average remaining lease term

13.15 years

13.65 years

Finance leases

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

3.45 years

3.82 years

Schedule of maturity of contractual undiscounted finance lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of June 30, 2024 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2024

$

752

$

1,225

2025

1,212

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,637

2029 and thereafter

70

25,664

Total undiscounted lease liabilities

4,186

37,187

Interest or discount on lease liabilities

(523)

(24,335)

Total present value of minimum lease payments

3,663

12,852

Lease liability - current portion

(1,273)

(92)

Lease liability

$

2,390

$

12,760

Schedule of maturity of contractual undiscounted operating lease liabilities

Future minimum lease payments under the Company’s non-cancellable leases as of June 30, 2024 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2024

$

752

$

1,225

2025

1,212

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,637

2029 and thereafter

70

25,664

Total undiscounted lease liabilities

4,186

37,187

Interest or discount on lease liabilities

(523)

(24,335)

Total present value of minimum lease payments

3,663

12,852

Lease liability - current portion

(1,273)

(92)

Lease liability

$

2,390

$

12,760