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Leases
12 Months Ended
Dec. 31, 2023
Leases  
Leases

6. Leases


Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods.


Rent expense for the years ended December 31, 2023 and 2022 was as follows:




Year ended


December 31,


2023

2022
Rent expense
$ 480
$ 684


We occupy a 1,350 square-foot facility in Gainesville, Florida under the terms of an operating lease that expires in February 2028. The Gainesville facility is used primarily to support our research and development activities.

We occupy a 9,402 square-foot facility in Salt Lake City, Utah under the terms of an operating lease, which expires in February 2028. The facility supports our principal administrative, sales, marketing, customer support, and research and product development activities.  

We occupy a 6,175 square-foot facility in Chennai, India under the terms of an operating lease expiring in August 2024. This facility supports our administrative, marketing, customer support, and research and product development activities.

We occupy a 40,000 square-foot warehouse in Salt Lake City, Utah under the terms of an operating lease expiring in April 2025, which serves as our primary inventory fulfillment center.

Supplemental cash flow information related to leases was as follows:



Year ended December 31,

2023



2022


Cash paid for amounts included in the measurement of lease liabilities:





Operating cash flows from operating leases

$ 492
$ 680

Right-of-use assets obtained in exchange for lease obligations:





Operating leases

$ 397
$ 107


Supplemental balance sheet information related to leases was as follows:    



December 31, 2023



December 31, 2022

Operating lease right-of-use assets

$ 990
$ 1,047




Current portion of operating lease liabilities, included in accrued liabilities

$ 383
$ 641

Operating lease liabilities, net of current portion

665

492

Total operating lease liabilities

$ 1,048
$ 1,133




Weighted average remaining lease term for operating leases (in years)

3.39

2.12

Weighted average discount rate for operating leases

6.47

%



5.93 %


The following represents maturities of operating lease liabilities as of December 31, 2023:


Years ending December 31,

2024

$ 439

2025

272

2026

210

2027

216

2028

37
Thereafter


Total lease payments

1,174

Less: Imputed interest

(126 )

Total

$ 1,048