LEASES

9 Months Ended

Sep. 30, 2024

The Company has entered into various operating leases for certain offices, support locations and vehicles with terms extending through December 2038. Generally, these leases have initial lease terms of five years or less.

As of September 30, 2024, the Company had no leases classified as finance leases. The Company is currently not a lessor in any lease arrangement.

Operating lease expense was $595 thousand and $712 thousand for the three months ended September 30, 2024 and 2023, respectively and $1.8 million for the nine months ended September 30, 2024 and September 30, 2023. Variable

and short-term lease cost was $470 thousand and $1.4 million for the three and nine months ended September 30, 2024, respectively. Variable and short-term lease cost were not material for the three and nine months ended September 30, 2023. Cash paid for amounts included in the measurement of lease liabilities was $426 thousand and $660 thousand for the three months ended September 30, 2024 and 2023, respectively and $1.3 million and $1.9 million for the nine months ended September 30, 2024 and September 30, 2023, respectively.

Future maturities of the Company's operating lease liabilities are summarized as follows (in thousands):

Fiscal year ended,


2024	$	722
2025	2,298
2026	1,850
2027	1,211
2028	881
Thereafter	7,090
Total lease liabilities	14,052
Less: Imputed interest	(4,678)
Present value of lease liabilities	$	9,374

The following is supplemental lease information as of September 30, 2024 and December 31, 2023:


	2024		2023
Weighted-average remaining lease term (years)	9.9		9.9
Weighted-average discount rate	10.1	%	10.8	%