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LEASES
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
LEASES LEASES
The Company leases its principal offices in New York, New York and maintains fulfillment centers and office space in various locations throughout the United States under operating leases which expire on various dates through January 2030. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The table below only considers lease obligations through the committed term as the Company is not reasonably certain to elect the option to extend its leases beyond the option date.
The Company also entered into various finance lease arrangements for fulfillment center equipment. These agreements range from three years to approximately six years.
Supplemental balance sheet information related to operating and finance leases as of March 31, 2022 was as follows:

LeasesBalance Sheet ClassificationMarch 31, 2022
Assets
Operating lease assetsOperating right-of-use assets$10,520 
Finance lease assetsProperty and equipment, net157 
Total lease assets$10,677 
Liabilities
Current:
Operating lease liabilitiesOperating lease liabilities, current$3,270 
FinanceOther current liabilities74 
Noncurrent:
Operating lease liabilitiesOperating lease liabilities, noncurrent7,703 
FinanceOther long-term liabilities85 
Total lease liabilities$11,132 
As of March 31, 2022, for operating leases, the weighted-average remaining lease term is 5.1 years and the weighted-average discount rate is 11.16%. As of March 31, 2022, for finance leases, the weighted-average remaining lease term is 2.1 years, and the weighted-average discount rate is 8.84%.
The components of lease cost for the three months ended March 31, 2022 were as follows:
Lease CostStatements of Operations ClassificationMarch 31, 2022
Finance lease cost:
Amortization of right-of-use assetsGeneral and administrative expense$25 
Interest on lease liabilitiesGeneral and administrative expense4 
Total finance lease cost$29 
Operating lease costGeneral and administrative expense1,088 
Variable lease costGeneral and administrative expense35 
Total lease cost$1,152 
For office and fulfillment center leases and leased equipment, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance.
The following represents a schedule of maturing lease commitments for operating and finance leases as of March 31, 2022:
March 31, 2022
OperatingFinance
Maturity of lease liabilities
2022 (remaining nine months)$3,398 $64 
20232,922 77 
20241,742 34 
20251,771 — 
20261,707 — 
thereafter2,926 — 
Total future minimum lease payments$14,466 $175 
Less: interest(3,492)(16)
Present value of lease liabilities$10,974 $159 
Future minimum lease payments under non-cancelable operating leases as of December 31, 2021 under ASC 840 were as follows:
December 31, 2021
2022$4,478 
20232,920 
20241,742 
20251,769 
20261,711 
thereafter2,921 
Total future minimum lease payments$15,541 
Other supplemental cash flow information for the three months ended March 31, 2022 was as follows:
March 31, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used for operating leases$1,078 
Operating cash used for finance leases23 
Financing cash used for finance leases18 
Total$1,119 
There were no right-of-use assets obtained in exchange for new finance lease or new operating lease liabilities during the period.
LEASES LEASES
The Company leases its principal offices in New York, New York and maintains fulfillment centers and office space in various locations throughout the United States under operating leases which expire on various dates through January 2030. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The table below only considers lease obligations through the committed term as the Company is not reasonably certain to elect the option to extend its leases beyond the option date.
The Company also entered into various finance lease arrangements for fulfillment center equipment. These agreements range from three years to approximately six years.
Supplemental balance sheet information related to operating and finance leases as of March 31, 2022 was as follows:

LeasesBalance Sheet ClassificationMarch 31, 2022
Assets
Operating lease assetsOperating right-of-use assets$10,520 
Finance lease assetsProperty and equipment, net157 
Total lease assets$10,677 
Liabilities
Current:
Operating lease liabilitiesOperating lease liabilities, current$3,270 
FinanceOther current liabilities74 
Noncurrent:
Operating lease liabilitiesOperating lease liabilities, noncurrent7,703 
FinanceOther long-term liabilities85 
Total lease liabilities$11,132 
As of March 31, 2022, for operating leases, the weighted-average remaining lease term is 5.1 years and the weighted-average discount rate is 11.16%. As of March 31, 2022, for finance leases, the weighted-average remaining lease term is 2.1 years, and the weighted-average discount rate is 8.84%.
The components of lease cost for the three months ended March 31, 2022 were as follows:
Lease CostStatements of Operations ClassificationMarch 31, 2022
Finance lease cost:
Amortization of right-of-use assetsGeneral and administrative expense$25 
Interest on lease liabilitiesGeneral and administrative expense4 
Total finance lease cost$29 
Operating lease costGeneral and administrative expense1,088 
Variable lease costGeneral and administrative expense35 
Total lease cost$1,152 
For office and fulfillment center leases and leased equipment, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance.
The following represents a schedule of maturing lease commitments for operating and finance leases as of March 31, 2022:
March 31, 2022
OperatingFinance
Maturity of lease liabilities
2022 (remaining nine months)$3,398 $64 
20232,922 77 
20241,742 34 
20251,771 — 
20261,707 — 
thereafter2,926 — 
Total future minimum lease payments$14,466 $175 
Less: interest(3,492)(16)
Present value of lease liabilities$10,974 $159 
Future minimum lease payments under non-cancelable operating leases as of December 31, 2021 under ASC 840 were as follows:
December 31, 2021
2022$4,478 
20232,920 
20241,742 
20251,769 
20261,711 
thereafter2,921 
Total future minimum lease payments$15,541 
Other supplemental cash flow information for the three months ended March 31, 2022 was as follows:
March 31, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used for operating leases$1,078 
Operating cash used for finance leases23 
Financing cash used for finance leases18 
Total$1,119 
There were no right-of-use assets obtained in exchange for new finance lease or new operating lease liabilities during the period.