Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.3
Leases (Tables)
9 Months Ended
Sep. 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 September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

2023

Operating lease cost

$

704

$

702

$

2,112

$

1,887

Finance lease cost:

   

   

   

   

Amortization of lease assets

194

194

583

708

Interest on lease liabilities

69

92

224

291

Finance lease costs

263

286

807

999

Total lease cost

$

967

$

988

$

2,919

$

2,886

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:

    

September 30, 2024

    

December 31, 2023

Operating leases

Weighted average discount rate

19.1%

19.1%

Weighted average remaining lease term

12.93 years

13.65 years

Finance leases

Weighted average discount rate

8.0%

8.0%

Weighted average remaining lease term

3.29 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 September 30, 2024 are as follows:

Year ended December 31,

    

Finance

    

Operating

Remainder of 2024

$

377

$

610

2025

1,212

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,636

2029 and thereafter

69

25,664

Total undiscounted lease liabilities

3,810

36,571

Interest or discount on lease liabilities

(454)

(23,741)

Total present value of minimum lease payments

3,356

12,830

Lease liability - current portion

(1,148)

(102)

Lease liability

$

2,208

$

12,728

Schedule of maturity of contractual undiscounted operating lease liabilities

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

Year ended December 31,

    

Finance

    

Operating

Remainder of 2024

$

377

$

610

2025

1,212

2,490

2026

926

2,553

2027

916

2,618

2028

310

2,636

2029 and thereafter

69

25,664

Total undiscounted lease liabilities

3,810

36,571

Interest or discount on lease liabilities

(454)

(23,741)

Total present value of minimum lease payments

3,356

12,830

Lease liability - current portion

(1,148)

(102)

Lease liability

$

2,208

$

12,728