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Leases
 12 Months Ended
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)202320222021
Operating lease cost$770 $676 $268 
Variable lease cost267 275 528 
Short-term lease cost867 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)202320222021
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 $2,547 
Weighted-average remaining lease term (in years) – operating leases2.53.13.2
Weighted-average remaining lease term (in years) – finance leases3.43.04.6
Weighted-average discount rate – operating leases6.7 %6.2 %6.0 %
Weighted-average discount rate – finance leases7.7 %6.0 %6.0 %
The Company calculated the weighted-average discount rate using the interest rates implicit in the lease contract and if not determinable, incremental borrowing rates, which equal the rates of interest that it would pay to borrow funds on a fully collateralized basis over a similar term.
The Company records lease activity within the following financial statement line items:
AccountFinancial Statement Line Item
Operating lease right-of-use asset
Operating lease assets
Finance lease right-of-use asset, netProperty and equipment, net
Operating lease liabilities
Current and non-current operating lease liabilities
Finance lease liabilities
Other current liabilities and Other non-current liabilities
Operating lease expense
General and administrative
Finance lease amortization expenseDepreciation and amortization
Finance lease interest expense
Interest income (expense), net
Maturity of operating lease liabilities as of December 31, 2023 is as follows:
($ in thousands)
Year ending December 31, 2024$686 
Year ending December 31, 2025392 
Year ending December 31, 2026214 
Year ending December 31, 2027125 
Year ending December 31, 2028— 
Total undiscounted future cash flows1,417 
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, 2025873 
Year ending December 31, 2026318 
Year ending December 31, 2027230 
Year ending December 31, 2028214 
Total undiscounted future cash flows2,508 
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)202320222021
Operating lease cost$770 $676 $268 
Variable lease cost267 275 528 
Short-term lease cost867 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)202320222021
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 $2,547 
Weighted-average remaining lease term (in years) – operating leases2.53.13.2
Weighted-average remaining lease term (in years) – finance leases3.43.04.6
Weighted-average discount rate – operating leases6.7 %6.2 %6.0 %
Weighted-average discount rate – finance leases7.7 %6.0 %6.0 %
The Company calculated the weighted-average discount rate using the interest rates implicit in the lease contract and if not determinable, incremental borrowing rates, which equal the rates of interest that it would pay to borrow funds on a fully collateralized basis over a similar term.
The Company records lease activity within the following financial statement line items:
AccountFinancial Statement Line Item
Operating lease right-of-use asset
Operating lease assets
Finance lease right-of-use asset, netProperty and equipment, net
Operating lease liabilities
Current and non-current operating lease liabilities
Finance lease liabilities
Other current liabilities and Other non-current liabilities
Operating lease expense
General and administrative
Finance lease amortization expenseDepreciation and amortization
Finance lease interest expense
Interest income (expense), net
Maturity of operating lease liabilities as of December 31, 2023 is as follows:
($ in thousands)
Year ending December 31, 2024$686 
Year ending December 31, 2025392 
Year ending December 31, 2026214 
Year ending December 31, 2027125 
Year ending December 31, 2028— 
Total undiscounted future cash flows1,417 
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, 2025873 
Year ending December 31, 2026318 
Year ending December 31, 2027230 
Year ending December 31, 2028214 
Total undiscounted future cash flows2,508 
Less: present value discount(291)
Finance lease liabilities$2,217