Leases

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and 2023 was as follows: 

	Three months ended March 31,
	2024		2023
Rent expense	$	109	$	149

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: 

	Three months ended March 31,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(115	)	$	(151	)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—		$	758

Supplemental balance sheet information related to leases was as follows:

	March 31, 2024			December 31, 2023
Operating lease right-of-use assets	$	898		$	990
Current portion of operating lease liabilities, included in accrued liabilities	$	375		$	383
Operating lease liabilities, net of current portion		574			665
Total operating lease liabilities	$	949		$	1,048
Weighted average remaining lease term for operating leases (in years)		3.25			3.39
Weighted average discount rate for operating leases		6.52	%		6.47	%

The following represents maturities of operating lease liabilities as of March 31, 2024:

Years ending December 31,
2024 (Remainder)	$	324
2025		272
2026		211
2027		216
2028		36
Thereafter		—
Total lease payments		1,059
Less: Imputed interest		110
Total	$	949