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LEASES
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lessee, Operating Leases
NOTE 7: LEASES
The Company leases its office facilities under non-cancelable agreements that expire at various dates through November 2027. The Company has a lease agreement for offices in Israel which includes two extension options for five years each. The Company estimates that it is reasonably certain that it will exercise the option for the first extension period. Therefore, for the purposes of determining the amount of the expense and the value of the right of use asset and lease liability according to ASC 842, the Company determined that the lease term would end in November 2032.
Components of operating lease expense were as follows:
Three Months Ended June 30, 2023Three Months Ended June 30, 2022Six Months Ended June 30, 2023Six Months Ended June 30, 2022
Operating lease cost$726 $658 $1,488 $1,283 
Short-term lease cost— 81 154 81 
Variable lease cost20 29 18 
Total$746 $745 $1,671 $1,382 
Supplementary cash flow information related to operating leases was as follows:
Three Months Ended June 30, 2023Three Months Ended June 30, 2022Six Months Ended June 30, 2023Six Months Ended June 30, 2022
Cash paid for operating leases$875 $876 $1,477 $1,343 
As of June 30, 2023, the weighted-average discount rate is 4.56% and the weighted-average remaining term is 8.5. Maturities of the Company’s operating lease liabilities as of June 30, 2023 were as follows:
Year Ending December 31,
2023 (Remainder)1,684 
20243,018 
20253,074 
20263,136 
20272,704 
20282,324 
2029 and thereafter8,908 
Total operating lease payments$24,848 
Less: imputed interest3,729 
Total operating lease liabilities$21,119