Leases

9 Months Ended

Sep. 30, 2023

Leases

Leases

7. Leases

Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. 

Rent expense for three and nine months ended September 30, 2023 and 2022 was as follows: 

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Rent expense	$	110	$	169	$	369	$	518

The Company occupies a 1,350 square-foot facility in Gainesville, Florida under the terms of an operating lease expiring in February 2028. The Gainesville facility is used primarily to support the Company's research and development activities. 

The Company occupies a 9,402 square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in February 2028. The facility supports the Company's principal administrative, sales, marketing, customer support, and research and product development activities. 

The Company occupies a 6,175 square-foot facility in Chennai, India under the terms of an operating lease expiring in August 2024. This facility supports the Company's administrative, marketing, customer support, and research and product development activities. The Company is planning to renew the lease.

The Company occupies a 40,000 square-foot warehouse in Salt Lake City, Utah under the terms of an operating lease expiring in April 2025, which serves as the Company's primary inventory fulfillment center.  

Supplemental cash flow information related to leases was as follows: 

	Nine months ended September 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	378	$	531
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	341	$	—

Supplemental balance sheet information related to leases was as follows:

	September 30, 2023			December 31, 2022
Operating lease right-of-use assets	$	1,081		$	1,047
Current portion of operating lease liabilities, included in accrued liabilities	$	390		$	641
Operating lease liabilities, net of current portion		755			492
Total operating lease liabilities	$	1,145		$	1,133
Weighted average remaining lease term for operating leases (in years)		3.56			2.12
Weighted average discount rate for operating leases		6.43	%		5.93	%

The following represents maturities of operating lease liabilities as of September 30, 2023:

Years ending December 31,
2023 (Remainder)	$	114
2024		439
2025		272
2026		210
2027		216
Thereafter		38
Total lease payments		1,289
Less: Imputed interest		(144	)
Total	$	1,145