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LEASES
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES LEASES
We have various non-cancellable operating and finance leases for our office spaces, data centers and operational assets with lease periods expiring between 2023 and 2032. During the year ended December 31, 2024 and December 31, 2023, we recognized additional right-of-use assets and lease liabilities of $1.6 million and $2.7 million, respectively, related to new lease agreements and lease modifications for office space.
During the year ended December 31, 2024 and December 31, 2023, there were no impairments on any of our leases. During the year ended December 31, 2022, we incurred an impairment of $0.9 million to the right-of-use-assets as a result of decommissioning our data centers and the closure of our office in India. Refer to Note 15—Segments for more information on our operating segments.
During the year ended December 31, 2024 and 2023, respectively, we made cash payments of $2.3 million and $4.5 million for operating leases which are included in cash flows used in operating activities in our consolidated statement of cash flows.
Lease assets and liabilities, net, are as follows (in thousands):
December 31,
Lease TypeConsolidated Balance Sheets Location20242023
Operating lease assetsRight-of-use assets under operating leases, net$6,341 $7,310 
Finance lease assetsProperty and equipment, net— 14 
Total lease assets6,341 7,324 
Operating lease liabilities, currentCurrent operating lease liabilities2,025 2,127 
Operating lease liabilities, long-termLong-term operating lease liabilities6,034 6,391 
Finance lease liabilities, currentAccrued expenses— 10 
Total lease liabilities$8,059 $8,528 

The following table summarizes activity related to our leases (in thousands):
December 31,
20242023
Operating lease expense$2,822 $3,295 
Variable lease expense693 1,191 
Short-term lease expense1,058 600 

The following table presents our weighted average borrowing rates and weighted average lease terms:
December 31,
 20242023
Operating leases:
Weighted average borrowing rate7.3 %6.8 %
Weighted average remaining lease term (years)3.814.06

The following table summarizes future maturities of lease liabilities as of December 31, 2024 (in thousands):
Fiscal YearOperating Leases
2025$2,525 
20261,640 
20271,503 
20281,191 
Thereafter2,906 
Total lease payments9,765 
Imputed interest1,706 
Total lease liabilities$8,059