The Company has operating leases for corporate offices in the U.S., Canada, China, India, Israel, and Taiwan. The Company’s lease payments consist primarily of fixed rental payments for the right to use the underlying leased assets over the lease terms for all leases.

Supplemental balance sheet information related to the Company’s operating leases is as follows (in thousands):


	As of December 31,
	2024		2023
Assets
Operating lease ROU assets, net	$	2,983	$	2,869
Liabilities
Operating lease liabilities, current	$	1,286	$	2,156
Operating lease liabilities, noncurrent	1,788		778
Total lease liabilities	$	3,074	$	2,934

Operating lease ROU assets, net are included in other assets; operating lease liabilities, current are included in accrued expenses and other current liabilities; and operating lease liabilities, non-current are included in other liabilities, on the consolidated balance sheets.

The components of lease expense, included in operating expenses, were as follows (in thousands):


	Years Ended December 31,
	2024		2023		2022
Operating lease expense	$	2,633	$	1,640	$	1,448
Short-term lease expense	229		200		602
Variable lease expense	284		310		89
Total lease expense	$	3,146	$	2,150	$	2,139

The weighted-average remaining lease term and discount rates were as follows:


	As of December 31,
	2024		2023
Weighted average remaining lease term (in years)	3.2		1.4
Weighted average discount rate	11.1	%	10.8	%

Other information related to operating leases were as follows (in thousands):


	Years Ended December 31,
	2024		2023		2022

Operating cash flows from operating leases	$	2,402	$	1,346	$	1,320
ROU assets obtained in exchange for lease obligations	$	2,542	$	2,336	$	2,018

The future minimum operating lease payments for each of the next five years and thereafter are as follows as of December 31, 2024 (in thousands):


Years ending December 31	Operating Leases
2025	$	1,527
2026	642
2027	567
2028	517
2029	431

Total future minimum lease payment	3,684
Less: Imputed interest	(610)
Total operating lease liabilities	$	3,074

As of December 31, 2024, the Company has entered into a non-cancelable operating lease with undiscounted future minimum payments of $36.8 million, which are excluded from the above table. This operating lease will commence in April 2025 with a lease term of approximately 7.5 years.