13. Leases

The Company has entered into operating leases for its corporate headquarters office facilities, financial data terminals and equipment. The Company has no finance leases.

The following table provides additional information regarding the Company’s leases:

	Years Ended December 31,
	2023		2022
Lease cost:
Operating lease cost	$	1,285	$	963
Short-term lease cost		191		223
Total lease cost	$	1,476	$	1,186
Other information:
Cash paid for amounts included in the measurement of operating liabilities (operating leases)	$	1,284	$	965
Right-of-use assets obtained in exchange for new operating lease liabilities		n/a		n/a
Weighted-average remaining lease term (in years)—operating leases		0.4		1.2
Weighted-average discount rate—operating leases		5.9%		6.4%

None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.

On September 9, 2021, the Company entered into a Surrender Agreement to terminate the lease for its principal executive office at 245 Park Avenue, New York, New York effective immediately. In consideration for the landlord’s agreement to enter into the Surrender Agreement and accelerate the expiration date of the term of the lease from August 31, 2029, the Company paid a termination fee of $12,725. As a result, the Company recognized a loss on the termination of a lease of $9,277 during the year ended December 31, 2021, which was inclusive of the write-off of the right-of-use asset, broker fees and a reduction in operating lease liabilities. This loss is included in impairments in the Company’s Consolidated Statements of Operations (Note 26).

Additionally, the Company recognized an impairment loss of $303 resulting from the derecognition of a right-of-use asset upon exiting its London office in February 2021, as well as costs incurred to restore the office space to its original condition.

The Company’s leases also included extension, automatic renewal and termination provisions. These provisions were also not reasonably certain of being exercised and were therefore not recognized as part of the right-of-use asset and lease liability.

The following table discloses future minimum lease payments at December 31, 2023 with respect to the Company’s operating lease liabilities:

2024	$	584
2025		—
2026		—
2027		—
2028		—
2029 and thereafter		—
Total future minimum lease payments (undiscounted)	$	584

The following table reconciles the future minimum lease payments (disclosed above) at December 31, 2023 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets: