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Commitments and Contingencies
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
The Company is subject, from time to time, to various types of third-party legal claims or litigation that arise in the ordinary course of business, including, but not limited to, property loss claims, personal injury or other damages resulting from contact with the Company's properties. These claims and lawsuits and any resulting damages are generally covered by the Company's insurance policies. The Company accrues for legal costs associated with loss contingencies when these costs are probable and reasonably estimable. While the resolution of these matters cannot be predicted with certainty, based on currently available information, management does not expect that the final outcome of any pending claims or legal proceedings will have a material adverse effect on the financial condition, results of operations or cash flows of the Company.
Operating Lease Commitments
The Company has non-cancelable operating leases for office space used in its business.
The following table summarizes the Company's operating lease arrangements as of December 31, 2022 and 2021:
As of
Balance Sheet CaptionDecember 31, 2022December 31, 2021
Operating lease ROU assetsDeferred costs and other assets, net$3,220 $2,961 
Operating lease ROU accumulated amortizationDeferred costs and other assets, net$(570)$(215)
Operating lease liabilitiesOther liabilities$3,265 $3,189 

The following table summarizes the total lease cost, weighted-average lease terms and weighted-average discount rates of the Company's operating leases for the years ended December 31, 2022 and 2021:
Statement of Operations and
Comprehensive Income (Loss) Caption
Year ended December 31,
20222021
Minimum operating lease paymentsGeneral and administrative$528 $515 
Variable operating lease paymentsGeneral and administrative343 163 
Short-term operating lease paymentsGeneral and administrative97 174 
Total lease cost$968 $852 
Weighted-average remaining lease term of operating leases 6.7 years7.9 years
Weighted-average discount rate of operating leases 4.35 %4.36 %

The following table reflects the Company's future minimum operating lease obligations as of December 31, 2022:
Scheduled minimum payments by year:Future Minimum Lease Payments
2023$565 
2024628 
2025511 
2026517 
2027529 
Thereafter1,308 
Total expected minimum lease obligation4,058 
Less: Amount representing interest (a)(793)
Present value of net minimum lease payments$3,265 
(a)Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.