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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Leases The Company leases office space and other retail space under operating lease agreements with terms that do not exceed five years. In addition, the Company leases online gaming servers and related equipment under finance lease arrangements. The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 770 |  |  | $ | 676 |  |  | $ | 268 |
Variable lease cost | 267 |  |  | 275 |  |  | 528 |
Short-term lease cost | 867 |  |  | 436 |  |  | 179 |
Finance lease cost: |  |  |  |  |
Amortization of finance lease right-of-use asset | 1,272 |  |  | 578 |  |  | 228 |
Interest on finance lease liabilities | 85 |  |  | 22 |  |  | 27 |
Total lease expenses | $ | 3,261 |  |  | $ | 1,987 |  |  | $ | 1,230 |
Additional information relating to leases for the years ended December 31, 2023, 2022 and 2021 was as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Operating cash flows from operating leases | $ | 732 |  |  | $ | 653 |  |  | $ | 355 |
Right-of-use assets obtained in exchange for new or modified operating lease liabilities | $ | 210 |  |  | $ | 965 |  |  | $ | 810 |
Right-of-use assets obtained in exchange for new or modified finance lease liabilities | $ | 2,423 |  |  | $ | 1,124 |  |  | $ | 2,547 |
Weighted-average remaining lease term (in years) – operating leases | 2.5 |  | 3.1 |  | 3.2
Weighted-average remaining lease term (in years) – finance leases | 3.4 |  | 3.0 |  | 4.6
Weighted-average discount rate – operating leases | 6.7 | % |  | 6.2 | % |  | 6.0 | %
Weighted-average discount rate – finance leases | 7.7 | % |  | 6.0 | % |  | 6.0 | %
The Company calculated the weighted-average discount rate using the interest rates implicit in the lease contract and if not determinable, incremental borrowing rates, which equal the rates of interest that it would pay to borrow funds on a fully collateralized basis over a similar term. The Company records lease activity within the following financial statement line items:
Account | Financial Statement Line Item
Operating lease right-of-use asset | Operating lease assets
Finance lease right-of-use asset, net | Property and equipment, net
Operating lease liabilities | Current and non-current operating lease liabilities
Finance lease liabilities | Other current liabilities and Other non-current liabilities
Operating lease expense | General and administrative
Finance lease amortization expense | Depreciation and amortization
Finance lease interest expense | Interest income (expense), net
Maturity of operating lease liabilities as of December 31, 2023 is as follows:
($ in thousands) |
Year ending December 31, 2024 | $ | 686 |
Year ending December 31, 2025 | 392 |
Year ending December 31, 2026 | 214 |
Year ending December 31, 2027 | 125 |
Year ending December 31, 2028 | — |
Total undiscounted future cash flows | 1,417 |
Less: present value discount | (123) |
Operating lease liabilities | $ | 1,294 |
Maturity of finance lease liabilities as of December 31, 2023 is as follows:
($ in thousands) |
Year ending December 31, 2024 | $ | 873 |
Year ending December 31, 2025 | 873 |
Year ending December 31, 2026 | 318 |
Year ending December 31, 2027 | 230 |
Year ending December 31, 2028 | 214 |
Total undiscounted future cash flows | 2,508 |
Less: present value discount | (291) |
Finance lease liabilities | $ | 2,217 |
Leases | Leases The Company leases office space and other retail space under operating lease agreements with terms that do not exceed five years. In addition, the Company leases online gaming servers and related equipment under finance lease arrangements. The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 770 |  |  | $ | 676 |  |  | $ | 268 |
Variable lease cost | 267 |  |  | 275 |  |  | 528 |
Short-term lease cost | 867 |  |  | 436 |  |  | 179 |
Finance lease cost: |  |  |  |  |
Amortization of finance lease right-of-use asset | 1,272 |  |  | 578 |  |  | 228 |
Interest on finance lease liabilities | 85 |  |  | 22 |  |  | 27 |
Total lease expenses | $ | 3,261 |  |  | $ | 1,987 |  |  | $ | 1,230 |
Additional information relating to leases for the years ended December 31, 2023, 2022 and 2021 was as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Operating cash flows from operating leases | $ | 732 |  |  | $ | 653 |  |  | $ | 355 |
Right-of-use assets obtained in exchange for new or modified operating lease liabilities | $ | 210 |  |  | $ | 965 |  |  | $ | 810 |
Right-of-use assets obtained in exchange for new or modified finance lease liabilities | $ | 2,423 |  |  | $ | 1,124 |  |  | $ | 2,547 |
Weighted-average remaining lease term (in years) – operating leases | 2.5 |  | 3.1 |  | 3.2
Weighted-average remaining lease term (in years) – finance leases | 3.4 |  | 3.0 |  | 4.6
Weighted-average discount rate – operating leases | 6.7 | % |  | 6.2 | % |  | 6.0 | %
Weighted-average discount rate – finance leases | 7.7 | % |  | 6.0 | % |  | 6.0 | %
The Company calculated the weighted-average discount rate using the interest rates implicit in the lease contract and if not determinable, incremental borrowing rates, which equal the rates of interest that it would pay to borrow funds on a fully collateralized basis over a similar term. The Company records lease activity within the following financial statement line items:
Account | Financial Statement Line Item
Operating lease right-of-use asset | Operating lease assets
Finance lease right-of-use asset, net | Property and equipment, net
Operating lease liabilities | Current and non-current operating lease liabilities
Finance lease liabilities | Other current liabilities and Other non-current liabilities
Operating lease expense | General and administrative
Finance lease amortization expense | Depreciation and amortization
Finance lease interest expense | Interest income (expense), net
Maturity of operating lease liabilities as of December 31, 2023 is as follows:
($ in thousands) |
Year ending December 31, 2024 | $ | 686 |
Year ending December 31, 2025 | 392 |
Year ending December 31, 2026 | 214 |
Year ending December 31, 2027 | 125 |
Year ending December 31, 2028 | — |
Total undiscounted future cash flows | 1,417 |
Less: present value discount | (123) |
Operating lease liabilities | $ | 1,294 |
Maturity of finance lease liabilities as of December 31, 2023 is as follows:
($ in thousands) |
Year ending December 31, 2024 | $ | 873 |
Year ending December 31, 2025 | 873 |
Year ending December 31, 2026 | 318 |
Year ending December 31, 2027 | 230 |
Year ending December 31, 2028 | 214 |
Total undiscounted future cash flows | 2,508 |
Less: present value discount | (291) |
Finance lease liabilities | $ | 2,217 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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