Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in thousands):

Leases	Classification	March 31, 2024		December 31, 2023
Assets
Right-of-use assets	Operating lease right-of-use assets	$	12,034	$	10,055
Finance lease	Property and equipment, net	2,228		2,516
Total leased assets		$	14,262	$	12,571

Liabilities	Classification	March 31, 2024		December 31, 2023
Operating lease liabilities
Operating lease liabilities, current	Operating lease liabilities	$	3,231	$	2,441
Operating lease liabilities, non-current	Operating lease liabilities, net of current portion	10,046		8,887
Total Operating lease liabilities		$	13,277	$	11,328
Finance lease liabilities
Finance lease liabilities, current	Accrued liabilities	$	744	$	825
Finance lease liabilities, non-current	Other long-term liabilities	888		1,064
Total Finance lease liabilities		$	1,632	$	1,889

Weighted-average remaining lease term and discount rate, as of March 31, 2024, were as follows:

Lease Term and Discount Rate	March 31, 2024
Weighted-average remaining lease term (years)
Operating leases	3.7
Finance leases	2.3
Weighted-average discount rate
Operating leases	5.7	%
Finance leases	9.5	%

Schedule of Lease Costs

Lease costs during the three months ended March 31, 2024 and 2023 (in thousands) was as follows:

		Three Months Ended March 31,
Lease costs	Classification	2024		2023
Finance lease cost	Amortization expense	$	274	$	150
Finance lease cost	Interest for finance lease	$	42	$	20
Operating lease cost	Operating lease expense	$	969	$	891

Cash paid for amounts included in the measurement of lease liabilities during the three months ended March 31, 2024 and 2023 was as follows (in thousands):

		Three Months Ended March 31,
Cash paid for amounts included in the measurement of lease liabilities	Classification	2024		2023
Operating cash flow	Finance lease	$	40	$	20
Financing cash flow	Finance lease	$	196	$	124
Operating cash flow	Operating lease	$	948	$	699

Schedule of Maturities of Facility Leases

Maturities of operating facility leases were as follows as of March 31, 2024 (in thousands):

As of March 31, 2024	Amount
Remainder of 2024	$	2,895
2025	3,981
2026	4,027
2027	3,299
2028	323
2029 and thereafter	143
Total lease payments	14,668
Less: imputed interest	1,391
Present value of lease liabilities	$	13,277

Schedule of Minimum Finance Lease Payments

As of March 31, 2024, the Company was committed to minimum lease payments for vehicles leased under long-term non-cancelable finance leases as follows (in thousands):

As of March 31, 2024	Amount
Remainder of 2024	$	731
2025	697
2026	424
2027	16
Total lease payments	1,868
Less: imputed interest	236
Present value of lease liabilities	$	1,632

Schedule of Operating Lease Income

The following table summarizes the amount of operating lease income included in product revenue in the accompanying condensed consolidated statements of operations (in thousands):

	Three Months Ended March 31,
	2024		2023
AviClear operating lease license fee revenue	$	1,162	$	1,225
AviClear operating lease revenue	1,246		2,703
Total AviClear revenue	$	2,408	$	3,928

Schedule of Minimum Future Lease Payments

The following is the minimum future lease payments as of March 31, 2024, under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands):

As of March 31, 2024	Amount
Remainder of 2024	$	5,615
2025	2,600
Total	$	8,215