In December 2018, the Company entered into a sublease agreement with PCJW Properties LLC (“PCJW”), controlled by Company’s founders (including the Company’s current CEO), for general office space next to the aforementioned leased property in Los Angeles, California. The lease term is five years subject to early termination by either party. The current monthly lease payment is $0.006 million, subject to an annual escalation of 4%.

In January 2019, the Company entered into a lease agreement with PCJW for office space located in Los Angeles, California. The lease term is seven years, beginning January 1, 2019 and ending December 31, 2025. The current monthly lease payment is $0.02 million, subject to an annual escalation of 5%.

In May 2020, the Company entered into a sublease with Whalerock for general office space in West Hollywood, California. Under the terms of the sublease, the lease term is approximately 12 months and the monthly rent was approximately $0.1 million. The Company began utilizing the office space in June 2021. The lease was abandoned in August 2022.

All leases were classified as operating and operating lease expenses are presented within Other operating expenses in the condensed consolidated statements of operations. The Company does not have any finance leases or sublease arrangements where the Company is the sublessor. The Company’s leasing activities are as follows (in thousands):


	For the Three Months Ended
	March 31, 2023		March 31, 2022
Operating lease cost	$	82	$	503
Short-term lease cost		-		6
Total lease cost	$	82	$	509


	For the Three Months Ended
	March 31, 2023			March 31, 2022
Other information:
Cash paid for operating leases	$	88		$	532
Weighted-average remaining lease term - operating lease		2.64			1.96
Weighted-average discount rate - operating lease		10	%		10	%

The future minimum lease payments as of March 31, 2023, were as follows (in thousands):


Year	Related-Party Commitment
2023 (remaining)	$	251
2024		295
2025		310
Thereafter		-
Total minimum lease payments	$	856
Less: imputed interest		(102	)
Total lease liabilities	$	754