The Company evaluates new contractual arrangements at inception to determine if the contract is or contains a lease. For any contracts that are or contain a lease, the Company determines the appropriate classification of each identified lease as operating or finance. For all identified leases, the Company records the related lease liabilities and ROU assets based on the future minimum lease payments over the lease term, which only includes options to renew the lease if it is reasonably certain that the Company will exercise that option. For leases with original terms of twelve months or less, the Company recognizes the lease expense as incurred and does not recognize lease liabilities and ROU assets. The Company's primary operating lease is for space at a data center which was renewed in April 2022 and expires in 2025. The lease for the Company's San Francisco, CA headquarters, our largest office, expired in July 2022. Effective as of August 1, 2022, the Company entered into an agreement for a new, significantly smaller headquarters office space in San Francisco, CA for the next six months.

Since the start of the COVID-19 pandemic in March 2020, most of the Company’s employees have been working from home. We expect that most of our employees will continue to work from home for the foreseeable future

Lease liabilities are measured based on the future minimum lease payments discounted over the lease term. The Company uses the discount rate implicit in the lease whenever that rate is readily determinable. For leases where no such rate is determinable, the Company uses its incremental borrowing rate, or the rate of interest that Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term and in a similar economic environment. As of June 30, 2022, the weighted-average rate used in discounting the lease liabilities for ROU operating leases was 6.0%. Current and non-current operating lease liabilities are presented on the condensed consolidated balance sheet.

ROU assets are measured based on the associated lease liabilities, adjusted for any lease incentives such as tenant improvement allowances. ROU assets for operating leases are presented as non-current assets on the condensed consolidated balance sheets, while ROU assets for finance leases are included within property and equipment, net. The Company recognizes the expense for operating leases on straight-line basis over the lease term. As of June 30, 2022, the weighted-average remaining lease term for ROU operating leases was 2.6 years.

As of June 30, 2022 and December 31, 2021 the Company had net operating lease ROU assets of $4,843 and $1,660, respectively. Operating lease costs, consisting primarily of rental expense, were approximately $1,138 and $1,505, for the three months ended June 30, 2022 and 2021, respectively and $2,434 and $3,239 for the six months ended June 30, 2022 and 2021, respectively. Variable rent expense was not significant for the three and six months ended June 30, 2021 and 2020.

Finance lease activity was insignificant in each of the six months ended June 30, 2022 and 2021.

The maturities of operating lease liabilities as of June 30, 2022 are as follows:



2022 (remaining six months)	$	1,176
2023		1,822
2024		1,822
2025		454
Total lease payments		5,274
Less: Amount representing imputed interest		(379	)
Present value of lease liabilities		4,895
Less: Current portion of lease liabilities		(1,861	)
Non-current portion of lease liabilities	$	3,034

Supplemental cash flow information related to operating leases was as follows:


	Six Months Ended		Six Months Ended
	June 30, 2022		June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$	—	$	15
Operating cash flows from finance leases		—		—
Operating cash flows from operating leases		2,718		3,689

ROU assets obtained in exchange for lease liabilities:
Finance lease liabilities	$	—	$	—
Operating lease liabilities		5,015		—

The Company sublet portions of its San Francisco office space under an agreement that expired in July 2022. Income from subleases is included in other income, net, on the accompanying condensed consolidated statements of comprehensive loss. Sublease income was $271 for each of the three months ended June 30, 2022 and 2021, and $542 for each of the six months ended June 30, 2022 and 2021, respectively.

Future minimum amounts due under subleases as of June 30, 2022 were as follows:


	Operating Sublease Income
2022 (remaining one month)	$	47
Total amounts due under subleases	$	47