Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Information
The following table summarizes total lease costs for the period. As the Company adopted ASC 842 as of January 1, 2022, rent expense recognized in accordance with ASC 840 is reported as operating lease cost for the comparative period in 2021.
Year Ended
December 31, 2022 December 31, 2021
Finance lease cost:
Amortization of ROU assets $ 54  $ — 
Interest on lease liabilities 6  — 
Operating lease costs 3,339  3,424 
Variable lease costs —  — 
Short-term lease costs 251  — 
Total lease costs $ 3,650  $ 3,424 
The following table presents other supplemental information related to the Company’s leases:
Year Ended
December 31, 2022
Operating Leases Finance Leases
Cash paid for lease liabilities $ 3,076  $ 61 
Right-of-use assets obtained in exchange for new lease liabilities 8,615  944 
Weighted average remaining lease term (in years) 4.8 3.1
Weighted average discount rate 5.6  % 9.3  %
Supplemental Balance Sheet Information
The following table presents supplemental balance sheet information related to the Company’s operating and finance leases:
December 31, 2022 December 31, 2021
Operating Leases Finance Leases Operating Leases Finance Leases
Right-of-use assets, net reflected in the following balance sheet line items:
Property, plant and equipment, net $ —  $ 889  $ —  $ — 
Right-of-use assets 13,103  —  —  — 
Total ROU assets $ 13,103  $ 889  $ —  $ — 
Current lease balance reflected in the following balance sheet line items:
Short-term operating lease liabilities $ 3,214  $ —  $ —  $ — 
Short-term finance lease liabilities —  299  —  — 
Noncurrent lease balance reflected in the following balance sheet line items:
Long-term operating lease liabilities 12,670  —  —  — 
Long-term finance lease liabilities —  579  $ —  — 
Total lease liabilities $ 15,884  $ 878  $ —  $ — 
Schedule of Future Minimum Rental Payments for Operating Leases As of December 31, 2022, the future annual minimum lease payments for lease liabilities under ASC 842 are as follows:
Year Operating Leases Finance Leases
2023 $ 4,026  $ 368 
2024 3,823  310 
2025 3,261  222 
2026 2,644  95 
2027 2,553  25 
Thereafter
 2,260  — 
Total lease payments
 $ 18,567  $ 1,020 
Less: imputed interest 2,683  142 
Present value of operating lease liabilities $ 15,884  $ 878 
Schedule of Future Minimum Rental Payments for Finance Leases As of December 31, 2022, the future annual minimum lease payments for lease liabilities under ASC 842 are as follows:
Year Operating Leases Finance Leases
2023 $ 4,026  $ 368 
2024 3,823  310 
2025 3,261  222 
2026 2,644  95 
2027 2,553  25 
Thereafter
 2,260  — 
Total lease payments
 $ 18,567  $ 1,020 
Less: imputed interest 2,683  142 
Present value of operating lease liabilities $ 15,884  $ 878