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Leases
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases LEASES
Lessor Information— Refer to Note 2 to these condensed consolidated financial statements for further information about the Company’s revenue generating activities as a lessor. All of the Company’s customer agreements are considered operating leases.
Lessee Information— The Company determines if a contract contains a lease at inception. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date of the lease based on the present value of lease payments over the lease term. The Company uses the incremental borrowing rate to determine the present value of lease payments, as the implicit rate is not readily determinable. The ROU asset also includes any lease payments made. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
The Company leases office space in Plano, TX and New York, NY under operating leases with a non-cancelable lease term which end in August 2023 and June 2025, respectively. Lease expenses are included in general and administrative expenses on the condensed consolidated statement of operations and comprehensive (loss) income. The following is a schedule of future minimum lease payments required under the non-cancelable leases as of March 31, 2022 reconciled to the present value of operating lease liabilities:
Years Ending December 31,
2022 (remaining 9 months)$385 
2023456 
2024334 
2025170 
Thereafter— 
Total undiscounted future minimum lease payments$1,345 
Less: Interest(204)
Total present value of operating lease liabilities$1,141 
Lease Liabilities— Lease liabilities as of March 31, 2022, consist of the following:
Current portion of lease liabilities$426 
Long-term lease liabilities, net of current portion715 
Total lease liabilities$1,141 
Rent expense for operating leases for the three months ended March 31, 2022 and 2021 were $135 and $148, respectively. As of March 31, 2022, the Company had a weighted average remaining lease term of 2.9 years and a weighted average discount rate of 9.25%.