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Leases
12 Months Ended
Dec. 31, 2024
Leases  
Leases

6. Leases


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


Rent expense for the years ended December 31, 2024 and 2023 was as follows:




Year ended



December 31,



2024


2023

Rent expense
$ 460

$ 480


We occupy 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 our research and development activities.

We occupy a 21,443 square-foot facility in Salt Lake City, Utah under the terms of an operating lease, which has been amended in February 2023 to expire in February 2028. Under the terms of this amendment, we reduced our space to approximately 9,402 square feet. 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 September 2025. 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. This lease was cancelled on January 31, 2025.

We entered into a new lease on December 1, 2024 to occupy a 2,590 square-foot warehouse in Salt Lake City Utah. The lease is an operating lease expiring in February 2028. This facility serves as our primary warranty and repair center.

Supplemental cash flow information related to leases was as follows:



Year ended December 31,

2024



2023


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





Operating cash flows from operating leases

$ 462
$ 492

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





Operating leases

$ 175
$ 397


Supplemental balance sheet information related to leases was as follows:    



December 31, 2024



December 31, 2023

Operating lease right-of-use assets

$ 750
$ 990




Current portion of operating lease liabilities, included in accrued liabilities

$ 257
$ 383

Operating lease liabilities, net of current portion

514

665

Total operating lease liabilities

$ 771
$ 1,048




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

2.99

3.39

Weighted average discount rate for operating leases

6.59

%



6.47 %


The following represents maturities of operating lease liabilities as of December 31, 2024:


Years ending December 31,

2025

$ 300

2026

251

2027

259

2028

44

2029

Thereafter


Total lease payments

854

Less: Imputed interest

(83 )

Total

$ 771