For the three months ended March 31, 2023 and 2022, the Company had the following operating lease expense:


		Three Months Ended March 31,
	Statement of Operations Location	2023		2022
Total operating lease expense	Selling, general and administrative	$	318	$	291

Future minimum lease payments of the Company’s operating leases as of March 31, 2023 were as follows:


2023	$	108
Total lease payments		108
Less imputed interest		—
Present value of operating lease liabilities	$	108

In August 2022, the Company entered into an agreement to extend the lease of 22 Cortlandt Street through April 30, 2023. As of March 31, 2023, the remaining lease term for the Company's operating lease was 0.1 years with a discount rate of 6.0%. The interest rate implicit in lease contracts is typically not readily determinable and as such, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, which represents an internally developed rate that would be incurred to borrow, on a collateralized basis, over a similar term, an amount equal to the lease payments in a similar economic environment.

During the second quarter of 2023, the sublease for the Company's new headquarters at One World Trade Center commenced. See Note 17 - Subsequent Event for further information.