LEASES

12 Months Ended

Dec. 31, 2022

LEASES [Abstract]

LEASES

9. LEASES

The Company has entered into commercial operating leases for the use of offices, warehouses and data centers as lessee. These leases have original terms not exceeding 15 years. These leases have varying terms, escalation clauses and renewal rights.

Information pertaining to lease amounts recognized in the Company’s consolidated financial statements is summarized as follows:

	Year ended December 31,
	2020 $		2021 $		2022 $
Lease cost
Operating lease cost		73,273		138,766		257,359
Short-term lease cost		6,451		14,831		24,507
		79,724		153,597		281,866

Supplemental cash flow information
Operating cash flows from operating leases	72,756	128,751	228,604
ROU assets obtained in exchange for new operating lease liabilities	95,020	520,354	596,887

	As of December 31,
	2021		2022
Weighted-average remaining lease term
Operating leases		4.99 years		5.66 years

Weighted-average discount rate
Operating leases	7.5%	7.8%

Maturities of operating lease liabilities as of December 31, 2022 were as follows:

	$
2023		281,666
2024		243,623
2025		214,524
2026		178,379
2027		121,458
Thereafter		266,602
Total lease payments		1,306,252
Less: imputed interest		(279,466	)
Present value of lease liabilities		1,026,786

The Company has additional operating leases, primarily for offices, warehouses and data centers that have not yet commenced of $803,770 with lease terms not exceeding 12 years and $810,652 with lease terms not exceeding 14 years, as of December 31, 2021 and 2022, respectively.