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Leases
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Leases [Abstract]    
LEASES

14.    LEASES

The Company leases certain facilities under non-cancelable operating leases that expire at various dates through 2026. Some leases include renewal options, which would permit extensions of the expiration dates at rates approximating fair market rental values. The Company also enters into certain finance leases for computer equipment. The finance leases are collateralized by the financed assets.

Aggregate non-cancelable future minimum lease payments under operating and finance leases were as follows as of September 30, 2022:

     

Operating
Lease

 

Financing
Lease

Remainder of 2022

 

$

939

 

 

$

63

 

2023

 

 

3,688

 

 

 

189

 

2024

 

 

3,194

 

 

 

122

 

2025

 

 

875

 

 

 

12

 

2026

 

 

418

 

 

 

 

Thereafter

 

 

1,533

 

 

 

 

Total

 

 

10,647

 

 

 

386

 

Less: imputed interest

 

 

(1,130

)

 

 

(39

)

Present value of lease liabilities

 

 

9,517

 

 

 

347

 

Less: current portion

 

 

(3,281

)

 

 

(179

)

Lease liabilities, net of current portion

 

$

6,236

 

 

$

168

 

The components of lease cost were as follows (in thousands):

     

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

   

2022

 

2021

 

2022

 

2021

Operating lease cost

 

$

851

 

$

790

 

$

2,570

 

$

2,466

Short-term lease cost

 

 

184

 

 

151

 

 

321

 

 

434

Financing lease cost:

 

 

   

 

   

 

   

 

 

Amortization of finance leased assets

 

 

170

 

 

623

 

 

946

 

 

1,912

Interest of lease liabilities

 

 

12

 

 

209

 

 

71

 

 

676

The table below presents additional information related to our leases as of September 30, 2022:

     

Operating
Lease

 

Financing
Lease

Weighted average remaining lease term (years)

 

3.68

 

 

1.96

 

Weighted average discount rate

 

5.92

%

 

10.61

%

The Company’s total rent expense for the three and nine months ended September 30, 2022 was $1.0 million and $2.9 million, respectively. The Company’s total rent expense for the three and nine months ended September 30, 2021 was $0.9 million and $2.9 million, respectively.

13.    LEASES

The Company leases certain facilities under non-cancelable operating leases that expire at various dates through 2025. Some leases include renewal options, which would permit extensions of the expiration dates at rates approximating fair market rental values. The Company also enters into certain finance leases for computer equipment. The finance leases are collateralized by the financed assets.

Aggregate noncancelable future minimum lease payments under operating and finance leases are as follows:

     

Operating Lease

 

Financing
Lease

Year Ending December 31:

 

 

 

 

 

 

 

 

2022

 

$

3,544

 

 

$

1,383

 

2023

 

 

3,543

 

 

 

189

 

2024

 

 

3,288

 

 

 

122

 

2025

 

 

962

 

 

 

11

 

2026

 

 

505

 

 

 

 

Thereafter

 

 

1,785

 

 

 

 

Total

 

 

13,627

 

 

 

1,705

 

Less: imputed interest

 

 

(1,735

)

 

 

(112

)

Present value of lease liabilities

 

 

11,892

 

 

 

1,593

 

Less: current portion

 

 

(3,281

)

 

 

(1,301

)

Lease liabilities, net of current portion

 

$

8,611

 

 

$

292

 

Additional information related to the Company’s lease balances during the year ended and as of December 31, 2021 includes:

     

December 31, 2021

Operating lease cost

 

$

3,654

Short-term lease cost

 

$

524

   

 

 

Financing lease cost:

 

 

 

Amortization of finance leased assets

 

$

2,575

Interest of lease liabilities

 

$

472

     

Operating
Lease

 

Financing
Lease

Weighted average remaining lease term (years)

 

4.51

 

 

1.22

 

Weighted average discount rate

 

5.94

%

 

13.21

%

The Company’s rent expense totaled approximately $4,178 and $3,514 during the years ended December 31, 2021 and 2020, respectively.