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Leases | 3 Months Ended
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Mar. 31, 2023
Lessee Disclosure [Abstract] |
Leases | 8. Leases Operating Leases As of March 31, 2023, the Company leases office space in Dallas, TX and Davis, CA as well as additional buildings, land and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these short-term leases on a straight-line basis. The Company subleases a portion of the Davis office lease to third parties. In 2022, the Company terminated its lease for office space in Chesterfield, MO effective September 30, 2022. The original lease term was scheduled to expire in May 2024. As a result, the Company paid $47,000 in early termination fees. In addition, the Company subleased the facility in Chatsworth, CA to Radiance Beauty as part of the licensing agreement beginning November 1, 2022 for the remainder of the lease term. During 2022, the Company entered into an agreement to lease office space in Dallas, TX. The lease commenced in July 2022. Some leases (the Dallas and Davis offices, a warehouse, and a copy machine) include one or more options to renew, with renewal terms that can extend the lease term from one to six years. The exercise of lease renewal options is at the Company’s sole discretion. The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or material restrictive covenants. Leases consisted of the following (in thousands):
Leases |  | Classification |  | March 31, 2023 |  |  | December 31, 2022 |
Assets |  |  |  |  |  |  |  |
Operating lease assets |  | Right of use asset |  | $ | 1,618 |  |  | $ | 1,848 |
Total leased assets |  |  |  | $ | 1,618 |  |  | $ | 1,848 |
Liabilities |  |  |  |  |  |  |  |
Current - Operating |  | Operating lease liability- current |  | $ | 1,014 |  |  | $ | 1,010 |
Noncurrent - Operating |  | Operating lease liability- noncurrent |  |  | 760 |  |  |  | 1,007 |
Total leased liabilities |  |  |  | $ | 1,774 |  |  | $ | 2,017 |
Lease Cost |  | Classification |  | Three Months Ended March 31, 2023 |  |  | Three Months Ended March 31, 2022 |  |
Operating lease cost |  | SG&A and R&D Expenses |  | $ | 191 |  |  | $ | 276 |  |
Short term lease cost |  | SG&A Expenses |  |  | 3 |  |  |  | 3 |  |
Sublease income (1) |  | SG&A and R&D Expenses |  |  | (108 | ) |  |  | (87 | ) |
Net lease cost |  |  |  | $ | 86 |  |  | $ | 192 |  |
(1) Sublease income is recorded as a reduction to lease expense.
Lease Term and Discount Rate |  | March 31, 2023 |  |  | December 31, 2022 |
Weighted-average remaining lease term (years) |  |  | 2.2 |  |  |  | 2.4 |
Weighted-average discount rate |  |  | 6.4 | % |  |  | 6.0 | %

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- References No definition available. + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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