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Lease contracts | 9 Months Ended
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Sep. 30, 2024
Lessee Disclosure [Abstract] |
Lease contracts | Note 5: Lease contracts Future minimum lease payments under the Company’s operating leases’ right of use as of September 30, 2024 and December 31, 2023, are as follows:
| September 30, 2024 |  | December 31, 2023
Real Estate |  | Other assets |  | Total |  | Real Estate |  | Other assets |  | Total
Current portion | 450 |  |  | 32 |  |  | 482 |  |  | 1,205 |  |  | 79 |  |  | 1,284 |
Year 2 | 1,480 |  |  | 7 |  |  | 1,487 |  |  | 65 |  |  | 11 |  |  | 75 |
Year 3 | 1,295 |  |  | 7 |  |  | 1,302 |  |  | 421 |  |  | — |  |  | 421 |
Thereafter | 5,794 |  |  | 10 |  |  | 5,804 |  |  | 5,515 |  |  | — |  |  | 5,515 |
Total minimum lease payments | 9,019 |  |  | 56 |  |  | 9,075 |  |  | 7,205 |  |  | 90 |  |  | 7,295 |
Less: Effects of discounting | (1,652) |  |  | (11) |  |  | (1,664) |  |  | (1,617) |  |  | (9) |  |  | (1,626) |
Present value of lease liabilities | 7,367 |  |  | 45 |  |  | 7,412 |  |  | 5,588 |  |  | 82 |  |  | 5,670 |
Less: current portion | (350) |  |  | (24) |  |  | (374) |  |  | (1,072) |  |  | (72) |  |  | (1,144) |
Long-term lease liabilities | 7,017 |  |  | 21 |  |  | 7,038 |  |  | 4,516 |  |  | 10 |  |  | 4,526 |
Weighted average remaining lease term (years) | 7.72 |  | 0.02 |  |  |  | 7.54 |  | 0.00 |  |
Weighted average discount rate | 5.12 | % |  | 0.03 | % |  |  |  | 4.53 | % |  | 2.50 | % |  |
The increase in $1.7 million in lease obligations results from the US headquarter lease. The Company recognizes rent expense, calculated as the remaining cost of the lease allocated over the remaining lease term on a straight-line basis. Rent expense presented in the consolidated statement of operations and comprehensive loss was:
| September 30,
2024 |  | 2023
Operating lease expense / (income) | 1,568 |  |  | 1,223 |
Net termination impact | (46) |  |  | (92) |
Net restructuring impact | — |  |  | — |
Supplemental cash flow information related to operating leases is as follows for the period September 30, 2024 and 2023:
| September 30,
2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows used in operating leases | 1,141 |  |  | 1,410 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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