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Leases

12 Months Ended

Dec. 31, 2022

8. Leases

The Company leases facilities and certain equipment under agreements classified as operating leases, which expire at various dates through June 2028. Substantially all of the property leases provide for increases based upon use of utilities and landlord’s operating expenses as well as pre-defined rent escalations. Total expense from continuing operations under these agreements for the years ended December 31, 2022 and 2021 was approximately $0.9 million and $0.7 million, respectively.

The table below presents the lease-related assets and liabilities recorded in the Consolidated Balance Sheet:

	Classification on the Balance Sheet	December 31, 2022		December 31, 2021

Assets
Operating lease assets	Operating lease right of use assets		2,439		1,284
Total lease assets		$	2,439	$	1,284

Liabilities
Current
Operating lease liabilities	Other accrued expenses		578		762
Operating lease liabilities	Other accrued expenses		578		762
Total current lease liabilities		$	578	$	762
Noncurrent
Operating lease liabilities	Operating lease liabilities, net of current portion		1,848		520
Total long-term lease liabilities			1,848		520
Total lease liabilities		$	2,426	$	1,282

The weighted average remaining lease term for the Company’s operating leases was 5.0 years as of December 31, 2022 and 6.4 years as of December 31, 2021 and the weighted average discount rate for those leases was 11.7% and 6.5% as of December 31, 2022 and December 31, 2021, respectively. The Company’s operating lease expenses are recorded within “Cost of revenue” and “General and administrative expenses.”

The table below reconciles the undiscounted cash flows to the lease liabilities recorded on the Company’s Consolidated Balance Sheet as of December 31, 2022:

	Operating Leases
2023	$	832
2024		575
2025		450
2026		550
2027-2028		825
Total minimum lease payments		3,232
Less: amount of lease payments representing effects of discounting		806
Present value of future minimum lease payments		2,426
Less: current obligations under leases		578
Long-term lease obligations	$	1,848