The Company adopted ASC 842 on January 1, 2022 utilizing the private company effective date which did not require adoption of the new standard for any interim periods of the fiscal year in which it was adopted. As of December 31, 2022 and March 31, 2023 and for three months ended March 31, 2023, the Company accounts for its leases in accordance with ASC 842. For the comparative interim periods prior to 2023, the Company prepared its quarterly unaudited consolidated financial statements in accordance with ASC 840, which is a basis different from that of the current year. Accordingly, for the comparative three months ended March 31, 2022 leases are presented in accordance with ASC 840.

The Company leases its office facilities and office equipment which are accounted for as operating leases. Some leases contain clauses for renewal at the Company's option with renewal terms that generally extend the lease term from one to seven years.

The Company incurred $14,308 in operating lease costs related to its operating leases in its unaudited consolidated statements of operations and comprehensive loss for the three months ended March 31, 2023. Variable lease costs and short-term lease costs were not material.

The weighted-average remaining lease term and discount rate for operating lease liabilities included in the consolidated balance sheets are as follows:


	March 31, 2023			December 31, 2022
Weighted-average remaining lease term (in years)		5.1			5.3
Weighted-average discount rate		6.62	%		6.47	%

Supplemental cash flow information related to operating leases was as follows:


	Three Months Ended March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	15,339
Noncash lease activity
Right-of-use lease assets obtained in exchange for new operating lease liabilities	$	6,878

The future minimum lease payments under noncancellable operating leases as of March 31, 2023 are as follows:


Year Ended December 31,	Amount
Remainder of 2023	$	40,751
2024		62,902
2025		58,925
2026		51,403
2027		38,149
Thereafter		44,781
Total lease payments	$	296,911
Less: imputed interest		(47,361	)
Total lease liabilities	$	249,550

The Company incurred $212 in related-party lease expense in its unaudited consolidated statements of operations and comprehensive loss for the three months ended March 31, 2023. The Company recognized the following amounts in its unaudited consolidated balance sheets in connection with leases with related parties:


	March 31, 2023		December 31, 2022
Right-of-use assets	$	2,413	$	5,058
Operating lease liabilities, current		527		1,324
Operating lease liabilities, noncurrent		1,979		3,902

Total rent expense amounted to as follows in the unaudited consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022:


	Three Months Ended March 31, 2022
Related-party rent expense	$	387
Third-party rent expense		11,159
Total lease cost	$	11,546