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Right-of-Use Asset and Operating Lease Liability (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
Balance sheet information related to the Company’s leases is presented below:
September 30, 2023December 31, 2022
Operating leases:
Operating right-of-use asset$23,290 $17,692 
Operating lease liability, current4,760 3,362 
Operating lease liability, long-term19,588 14,970 
Schedule of Lease Expense and Other Lease Information The following provides details of the Company’s lease expense:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Lease cost:
Short-term lease cost
$127 $116 $347 $213 
Operating lease cost
528 341 1,489 751 
Operating lease cost - Cost of revenue
1,247 398 3,387 648 
Total$1,902 $855 $5,223 $1,612 
Other information related to leases is presented below:
September 30, 2023
Weighted-average discount rate – operating lease
9.00 %
Weighted-average remaining lease term – operating lease (in years)
6.4
Schedule of Expected Annual Minimum Lease Payments
As of September 30, 2023, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
For the Year Ended December 31
Remainder of 2023
$1,761 
20246,557 
20255,266 
20264,626 
20273,925 
Thereafter10,522 
Total future minimum lease payments, undiscounted
32,657 
Less: Imputed interest for leases in excess of one year
(8,309)
Present value of future minimum lease payments
$24,348