and extend the lease term through June 30, 2023. On November 1, 2022, the Company executed an extension of lease office space to extend through November 30, 2028. This extension included an additional 3,700 square feet of space that would be available for use in December of 2023, which would be included in monthly rent payments at this date accordingly.

The Company recognizes operating lease costs on a straight-line basis over the lease term within Selling, general and administrative expense in the consolidated statement of income and comprehensive income. The following table contains a summary of the operating lease costs recognized under ASC 842 and supplemental cash flow information for leases for the years ended December 31, 2022 and 2021:


	Year Ended December 31,
	2022		2021
Fixed lease expense	$	278	$	244

Total lease cost	$	278	$	244

Other information:
Cash paid for amounts included in the measurement of lease liabilities	$	257	$	257
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,936	$	—

The following table summarizes the balance sheet classification of the Company’s operating leases, amounts of ROU assets and lease liabilities, the weighted average remaining lease term, and the weighted average discount rate for the Company’s operating leases:


	December 31, 2022			December 31, 2021
Lease assets
Operating lease right-of-use assets	$	2,052		$	356

Total lease assets	$	2,052		$	356

Lease liabilities
Current:
Operating lease liabilities	$	165		$	248
Non-current:
Operating lease liabilities		1,927			127

Total lease liabilities	$	2,092		$	375

Weighted-average remaining lease term—operating leases (years)		5.92			1.50
Weighted-average discount rate—operating leases		8.48	%		3.75	%

The following table summarizes the payments by date for the Company’s operating lease, which is then reconciled to our total lease obligation, as of December 31, 2022:


2023		337
2024		448
2025		464
2026		480
2027		497
Thereafter		470
Total lease payments		2,696

Less: Interest		(604	)

Present value of lease liabilities	$	2,092