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Related-Party Transactions
 9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

Note 16 Related-Party Transactions

Leasing Arrangements:

During the three and nine months ended September 30, 2023, the Company paid $0.1 million and $0.2 million, respectively, under lease agreements with PCJW, which is controlled by Company's founders (including the Company's current CEO), for general office space in Los Angeles, California, and during the three and nine months ended September 30, 2022, the Company paid $0.1 million and $0.2 million, respectively.

The following is a schedule of future minimum rental payments as of September 30, 2023 under Company’s sub-lease for the properties located in Los Angeles, California signed with PCJW (in thousands):

 

Year

 

Related-Party Commitment

 

2023

 

$

76

 

2024

 

 

295

 

2025

 

 

310

 

Thereafter

 

 

-

 

Total minimum lease payments

 

$

681

 

Less: imputed interest

 

 

(69

)

Total lease liabilities

 

$

612

 

 

The related-party components of the lease right-of-use assets, lease liabilities, short-term, and lease liabilities, long-term are presented as part of the right-of-use asset and lease liability on the unaudited condensed consolidated balance sheets.

 

Debt Facility

 

A Senior Partner at Victory Park Capital Advisors, LLC, an affiliate of Victory Park Management, LLC which is the provider of the Debt Facility, joined the board of directors of the Company upon closing of the Business Combination. For more information about the Debt Facility, refer to Note 10, Debt Facility.