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LEASES

12 Months Ended

Dec. 31, 2023

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.