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Leases
3 Months Ended
Mar. 31, 2024
Leases  
Leases

5. Leases

Operating leases consist primarily of office space expiring at various dates through 2029. Finance leases relate to server leases expiring at various dates through 2029. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The undiscounted future non-cancellable lease payments under the Company’s operating and finance leases were as follows (in thousands):

As of March 31, 2024

    

Amount

2024

$

1,108

2025

1,482

2026

1,497

2027

1,380

2028

595

Thereafter

48

Total lease payments

6,110

Less: imputed interest

(529)

Total lease liabilities

5,581

Less: current portion of lease liabilities

(1,259)

Total lease liabilities, net of current portion

$

4,322

Other information related to the Company’s operating lease liabilities was as follows:

March 31, 

December 31,

    

2024

    

2023

Weighted-average remaining lease term (years)

    

4.13

4.37

    

Weighted-average discount rate

4.50

%

4.50

%

Other information related to the Company’s finance lease liabilities was as follows:

March 31, 

December 31,

    

2024

    

2023

Weighted-average remaining lease term (years)

    

4.79

1.09

    

Weighted-average discount rate

3.92

%

4.50

%