LEASES

12 Months Ended

Dec. 31, 2023

The Company has lease arrangements related to office space, warehouse and production space, and land to facilitate agricultural operations. The leases have remaining lease terms of less than 1.7 years to 11.2 years, some of which include options to extend the leases for up to 5 years. Generally, the lease agreements do not include options to terminate the lease.

The weighted average remaining lease term was 9.5 years for operating leases as of December 31, 2023. The weighted average discount rate was 5.6% for operating leases as of December 31, 2023.

The components of lease cost, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, for the years ended December 31, 2023 and 2022 are as follows:


	Year Ended December 31,
	2023		2022
Operating Lease Cost:
Fixed lease cost	$	1,653	$	2,074
Variable lease cost	395		1,572
Total lease cost	$	2,048	$	3,646

Sublease income	940		940

Other information related to leases was as follows:


	Year Ended December 31,
	2023		2022
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,411	$	3,471

Maturities of operating lease liabilities as of December 31, 2023 are as follows:


	Operating Leases
Year Ending December 31:
2024	$	3,201
2025	2,892
2026	2,169
2027	1,844
2028	1,762
Thereafter	11,884
Total lease obligation	$	23,752
Less: Imputed interest	(5,845)
Total lease liabilities	$	17,907
Less: Current lease liabilities	2,252
Total non-current lease liabilities	$	15,655

During the year ended December 31, 2022, the Company made the decision to cease utilizing the Denver office space and plans to sublease the office space at current market rents. The Company recorded an impairment charge of $1,837 within asset impairments in the consolidated statements of operations. There were no such impairments for the year ended December 31, 2023.