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LEASES

3 Months Ended

Mar. 31, 2023

NOTE 19 - LEASES

The Company has operating leases for office space and office equipment. The Company’s leases have remaining lease terms of one year to three years, some of which include options to extend the lease term for up to five years.

The Company has lease arrangements which are classified as short-term in nature. These leases meet the criteria for operating lease classification. Lease costs associated with the short-term leases are included in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations during the three-months ended March 31, 2022 and 2023.

Components of lease expense are as follows:

	Three Months Ended March 31,
	2022		2023
Short term lease cost:	$	131	$	88

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	Three Months Ended March 31,
	2022		2023
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	537	$	261

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	March 31, 2023

Weighted-average remaining lease term (in years)		2.97
Weighted-average discount rate		6.17	%

Scheduled maturities of operating lease liabilities outstanding as of March 31, 2023 are as follows:


April - December 2023	$	2,197
2024		2,096
2025		1,861
2026		779
2027		103
Thereafter		1,242
Total lease payments		8,278
Less: Imputed interest		(732	)
Present value of lease liabilities	$	7,546