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v3.23.1

Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases The Company is a party to various non-cancelable operating lease agreements for certain of its offices. The Company is a party to various non-cancelable finance lease agreements for certain network equipment. The leases have original lease periods expiring between 2023 to 2030. Some leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and the discount rate were as follows for the year ended December 31, 2022 and 2021:
| Year Ended December 31,
| 2022 |  | 2021
Finance leases |  |  |
Amortization of assets under finance leases | $ | 2,003 |  |  | $ | 1,144 |
Interest | 285 |  |  | 237 |
Total finance lease costs | $ | 2,288 |  |  | $ | 1,381 |
Operating lease cost | $ | 3,983 |  |  | $ | 3,309 |
Variable lease cost | $ | 489 |  |  | $ | 241 |
Short-term lease rent expense | $ | 830 |  |  | $ | 388 |
Weighted-average remaining lease term |  |  |
Operating leases | 6.7 |  | 7.4
Finance leases | 1.8 |  | 1.9
Weighted-average discount rate |  |  |
Operating leases | 11.5 | % |  | 11.3 | %
Finance leases | 10.8 | % |  | 10.4 | %
Operating lease expense was $6.5 million for the year ended December 31, 2020, under ASC 840. The following table outlines future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2022:
| Operating Leases |  | Finance Leases
2023 | $ | 3,619 |  |  | $ | 1,726 |
2024 | 2,657 |  |  | 705 |
2025 | 2,513 |  |  | 294 |
2026 | 2,588 |  |  | — |
2027 | 2,666 |  |  | — |
Thereafter | 6,547 |  |  | — |
Total undiscounted cash flows | 20,590 |  |  | 2,725 |
Less: Imputed interest | (6,515) |  |  | (245) |
Present value of lease liabilities | $ | 14,075 |  |  | $ | 2,480 |
Lease liabilities, current | 2,133 |  |  | 1,553 |
Lease liabilities, non-current | 11,942 |  |  | 927 |
Present value of lease liabilities | $ | 14,075 |  |  | $ | 2,480 |
As of December 31, 2022, the Company does not have additional operating and finance leases not yet commenced. Supplemental cash flow information related to leases for the year ended December 31, 2022 is as follows:
Cash paid for amounts included in the measurement of lease liabilities: |
Payments for operating leases included in cash from operating activities | $ | 3,994 |
Payments for finance leases included in cash from operating activities | $ | 285 |
Payments for finance leases included in cash from financing activities | $ | 2,612 |
Assets obtained in exchange for lease obligations: |
Operating leases | $ | — |
Finance leases | $ | — |
Leases | Leases The Company is a party to various non-cancelable operating lease agreements for certain of its offices. The Company is a party to various non-cancelable finance lease agreements for certain network equipment. The leases have original lease periods expiring between 2023 to 2030. Some leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and the discount rate were as follows for the year ended December 31, 2022 and 2021:
| Year Ended December 31,
| 2022 |  | 2021
Finance leases |  |  |
Amortization of assets under finance leases | $ | 2,003 |  |  | $ | 1,144 |
Interest | 285 |  |  | 237 |
Total finance lease costs | $ | 2,288 |  |  | $ | 1,381 |
Operating lease cost | $ | 3,983 |  |  | $ | 3,309 |
Variable lease cost | $ | 489 |  |  | $ | 241 |
Short-term lease rent expense | $ | 830 |  |  | $ | 388 |
Weighted-average remaining lease term |  |  |
Operating leases | 6.7 |  | 7.4
Finance leases | 1.8 |  | 1.9
Weighted-average discount rate |  |  |
Operating leases | 11.5 | % |  | 11.3 | %
Finance leases | 10.8 | % |  | 10.4 | %
Operating lease expense was $6.5 million for the year ended December 31, 2020, under ASC 840. The following table outlines future minimum lease payments under the Company’s non-cancellable leases as of December 31, 2022:
| Operating Leases |  | Finance Leases
2023 | $ | 3,619 |  |  | $ | 1,726 |
2024 | 2,657 |  |  | 705 |
2025 | 2,513 |  |  | 294 |
2026 | 2,588 |  |  | — |
2027 | 2,666 |  |  | — |
Thereafter | 6,547 |  |  | — |
Total undiscounted cash flows | 20,590 |  |  | 2,725 |
Less: Imputed interest | (6,515) |  |  | (245) |
Present value of lease liabilities | $ | 14,075 |  |  | $ | 2,480 |
Lease liabilities, current | 2,133 |  |  | 1,553 |
Lease liabilities, non-current | 11,942 |  |  | 927 |
Present value of lease liabilities | $ | 14,075 |  |  | $ | 2,480 |
As of December 31, 2022, the Company does not have additional operating and finance leases not yet commenced. Supplemental cash flow information related to leases for the year ended December 31, 2022 is as follows:
Cash paid for amounts included in the measurement of lease liabilities: |
Payments for operating leases included in cash from operating activities | $ | 3,994 |
Payments for finance leases included in cash from operating activities | $ | 285 |
Payments for finance leases included in cash from financing activities | $ | 2,612 |
Assets obtained in exchange for lease obligations: |
Operating leases | $ | — |
Finance leases | $ | — |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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