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LEASES | 12 Months Ended
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Dec. 31, 2023
LEASES [Abstract] |
LEASES |
9. | LEASES
The Company has entered into commercial operating leases for the use of offices, warehouses and data centers as lessee. These leases have terms not exceeding 15 years. These leases have varying terms, escalation clauses and renewal rights. Information pertaining to lease amounts recognized in the Company’s consolidated financial statements is summarized as follows:
|  | Year ended December 31, |
|  | 2021 $ |  |  | 2022 $ |  |  | 2023 $ |
Lease cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  | 138,766 |  |  |  | 257,359 |  |  |  | 295,501 |
Short-term lease cost |  |  | 14,831 |  |  |  | 24,507 |  |  |  | 23,172 |
|  |  | 153,597 |  |  |  | 281,866 |  |  |  | 318,673 |
Supplemental cash flow information |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  | 128,751 |  |  |  | 228,604 |  |  |  | 292,781 |
ROU assets obtained in exchange for new operating lease liabilities |  |  | 520,354 |  |  |  | 596,887 |  |  |  | 279,526 |
|  | As of December 31, |
|  | 2022 |  |  | 2023 |
Weighted-average remaining lease term |  |  |  |  |  |
Operating leases |  |  | 5.66 years |  |  |  | 6.15 years |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  | 7.8% |  |  |  | 8.3% |
Maturities of operating lease liabilities as of December 31, 2023 were as follows:
|  | $ |
2024 |  |  | 298,070 |
2025 |  |  | 250,365 |
2026 |  |  | 215,008 |
2027 |  |  | 156,217 |
2028 |  |  | 119,121 |
Thereafter |  |  | 365,164 |
Total lease payments |  |  | 1,403,945 |
Less: imputed interest |  |  | (323,643 | )
Present value of lease liabilities |  |  | 1,080,302 |
The Company has additional operating leases, primarily for offices, warehouses and data centers that have not yet commenced of $810,652 with lease terms not exceeding 14 years and $518,265 with lease terms not exceeding 14 years, as of December 31, 2022 and 2023, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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