Related-Party Transactions

3 Months Ended

Mar. 31, 2023

Note 16 Related-Party Transactions

Leasing Arrangements:

For the three months ended March 31, 2023 and 2022, the Company paid $0.09 million and $0.08 million, respectively, under lease agreements with PCJW for general office space in Los Angeles, California.

The following is a schedule of future minimum rental payments as of March 31, 2023, under Company’s sub-lease for the properties located in Los Angeles, California signed with PCJW (in thousands):


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

The related-party components of the lease right-of-use assets, lease liabilities, short-term, and lease liabilities, long-term are presented as part of the right-of-use asset and lease liability on the condensed consolidated balance sheets.

VPCC Financing Agreement

A Senior Partner at Victory Park Capital Advisors, LLC joined the board of directors of the Company upon closing of the Business Combination. For more information about the VPC Financing Agreement, refer to Note 10, Debt Facility.