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Leases
12 Months Ended
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,
20222021
Finance leases
Amortization of assets under finance leases$2,003 $1,144 
Interest285 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 leases6.77.4
Finance leases1.81.9
Weighted-average discount rate
Operating leases11.5 %11.3 %
Finance leases10.8 %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 
20242,657 705 
20252,513 294 
20262,588 — 
20272,666 — 
Thereafter6,547 — 
Total undiscounted cash flows20,590 2,725 
Less: Imputed interest(6,515)(245)
Present value of lease liabilities$14,075 $2,480 
Lease liabilities, current2,133 1,553 
Lease liabilities, non-current11,942 927 
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,
20222021
Finance leases
Amortization of assets under finance leases$2,003 $1,144 
Interest285 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 leases6.77.4
Finance leases1.81.9
Weighted-average discount rate
Operating leases11.5 %11.3 %
Finance leases10.8 %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 
20242,657 705 
20252,513 294 
20262,588 — 
20272,666 — 
Thereafter6,547 — 
Total undiscounted cash flows20,590 2,725 
Less: Imputed interest(6,515)(245)
Present value of lease liabilities$14,075 $2,480 
Lease liabilities, current2,133 1,553 
Lease liabilities, non-current11,942 927 
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$—