Leases

6 Months Ended

Jun. 30, 2024

7. 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 three and six months ended June 30, 2024 and 2023 was as follows:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Rent expense	$	118	$	110	$	227	$	259

The Company occupies a 1,350 square-foot facility in Gainesville, Florida under the terms of an operating lease expiring in February 2028. The Gainesville facility is used primarily to support the Company's research and development activities.

The Company occupies a 9,402 square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in February 2028. The facility supports the Company's principal administrative, sales, marketing, customer support, and research and product development activities.

The Company occupies a 6,175 square-foot facility in Chennai, India under the terms of an operating lease expiring in August 2024. This facility supports the Company's administrative, marketing, customer support, and research and product development activities. The Company is planning to renew the lease.

The Company occupies 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 the Company's primary inventory fulfillment center.

Supplemental cash flow information related to leases was as follows:

	Six months ended June 30,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(232	)	$	(264	)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—		$	341

Supplemental balance sheet information related to leases was as follows:

	June 30, 2024			December 31, 2023
Operating lease right-of-use assets	$	804		$	990

Current portion of operating lease liabilities, included in accrued liabilities	$	333		$	383
Operating lease liabilities, net of current portion		515			665
Total operating lease liabilities	$	848		$	1,048

Weighted average remaining lease term for operating leases (in years)		3.13			3.39
Weighted average discount rate for operating leases		6.59	%		6.47	%

The following represents maturities of operating lease liabilities as of June 30, 2024:

Years ending December 31,
2024 (Remainder)	$	208
2025		272
2026		210
2027		216
2028		37
Thereafter		—
Total lease payments		943
Less: Imputed interest		95
Total	$	848