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Leases

12 Months Ended

Dec. 31, 2022

14. Leases

Operating lease expense was $1.0 million for both years ended December 31, 2022 and 2021 and is reported as “Cost of sales,” “Engineering, design and product development expense,” “Selling and marketing expense,” and “General and administrative expense” in the Consolidated Statements of Operations. Operating costs include short-term lease costs, which were immaterial during the period.

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

	Years Ended December 31,
	2022		2021
Operating cash outflows from leases	$	967	$	982

The following summarizes additional information related to our leases:

	Years Ended December 31,
	2022			2021
Weighted average remaining lease term (in years)		2.7			3.5
Weighted average discount rate		4.5	%		4.4	%

The maturity of the Company’s operating lease liabilities are as follows (in thousands):

	December 31, 2022
2023	$	972
2024		1,022
2025		710
2026		20
Total undiscounted lease payments		2,724
Less imputed interest		166
Total lease liabilities	$	2,558