XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Commitment and Contingencies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Lease, Cost | For the years ended December 31, 2023, 2022 and 2021, the Company recorded the following lease expenses:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (in thousands)
Operating lease expense |  | $ | 953 |  |  | $ | 953 |  |  | $ | 953 |
Variable lease payments |  | 401 |  |  | 408 |  |  | 455 |
Total lease expense |  | $ | 1,354 |  |  | $ | 1,361 |  |  | $ | 1,408 |
Additional information related to the Company’s operating lease is as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | ($ in thousands)
Operating cash outflows |  | $ | 896 |  |  | $ | 871 |  |  | $ | 774 |
ROU assets obtained in exchange for new lease liabilities |  | — |  |  | — |  |  | — |
Weighted average remaining lease term (in years) |  | 5.08 |  | 6.08 |  | 7.08
Weighted average discount rate |  | 7.72 | % |  | 7.72 | % |  | 7.72 | %
Assets and Liabilities, Lessee | The Company’s operating lease ROU asset and lease liability is summarized below. The current and non-current lease liabilities are reflected in Other current liabilities and Operating lease liabilities, respectively, on the Company’s Consolidated Balance Sheets, as follows:
| December 31, 2023 |  | December 31, 2022 |
| (in thousands) |
Operating lease right-of-use asset | $ | 5,911 |  |  | $ | 5,911 |  |
Accumulated amortization | (1,921) |  |  | (1,301) |  |
Net operating lease right-of-use asset, net | $ | 3,990 |  |  | $ | 4,610 |  |
Other current liabilities | $ | 632 |  |  | $ | 561 |  |
Operating lease liabilities | 3,450 |  |  | 4,082 |  |
Total operating lease liability | $ | 4,082 |  |  | $ | 4,643 |  |
Lessee, Operating Lease, Liability, Maturity | The maturity of the Company’s operating lease liability is as follows:
|  | As of December 31, 2023
|  | (in thousands)
2024 |  | $ | 919 |
2025 |  | 945 |
2026 |  | 970 |
2027 |  | 996 |
2028 |  | 1,021 |
Thereafter |  | 87 |
Total undiscounted liabilities |  | 4,938 |
Less: Imputed interest |  | 856 |
Present value of lease liabilities |  | $ | 4,082 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | lpro_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | lpro_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration