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LEASES

12 Months Ended

Dec. 31, 2022

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