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LEASES | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
LEASES | LEASESThe Company leases office facilities under noncancelable operating lease agreements. During the period from January 1, 2022 through January 26, 2022 (Predecessor) and January 27, 2022 through December 31, 2022 (Successor), the Company had leases for office facilities in Marina del Rey, California; Bellevue, Washington; and Guelph, Canada. The components of lease expense were as follows:
| Successor |  |  | Predecessor
| Period from January 27, 2022 through December 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022
Operating lease expense | $ | 1,923 |  |  | $ | 142
Short-term lease expense | 840 |  |  | 12
Variable lease expense | 310 |  |  | —
Total lease expense | $ | 3,073 |  |  | $ | 154
Supplemental information related to leases was as follows:
| Successor
| As of December 31, 2022
Weighted average remaining lease terms (in years): | 6.9
Weighted average discount rate | 5.2%
Maturities of lease liabilities by fiscal year for the Company's operating leases are as follows:
| Successor
| As of December 31, 2022
2023 | $ | 2,512 |
2024 | 2,583 |
2025 | 2,238 |
2026 | 272 |
2027 | 276 |
Thereafter | 1,234 |
Total lease payments | $ | 9,115 |
Less: Imputed interest | (1,091) |
Present value of operating lease liabilities | $ | 8,024 |
Rent expense was $2,221 for the year ended December 31, 2021 (Predecessor), which was included in selling, general, and administrative expenses on the accompanying consolidated statements of operations. As of December 31, 2021, the expected future operating lease obligations were as follows:
Year ending December 31, | Amount
2022 | $ | 1,957 |
2023 | $ | 1,950 |
2024 | $ | 1,950 |
2025 | $ | 1,663 |

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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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