Leases

3 Months Ended

Mar. 31, 2023

Leases

Leases

5. Leases

Operating leases consist primarily of office space expiring at various dates through 2029. Finance leases relate to a server lease expiring in January 2025. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The undiscounted future non-cancellable lease payments under the Company’s operating and finance leases were as follows (in thousands):

As of March 31, 2023	Amount
2023	$	1,048
2024		1,411
2025		1,416
2026		1,431
2027		1,314
Thereafter		566
Total lease payments		7,186
Less: imputed interest		(759)
Total lease liabilities		6,427
Less: current portion of lease liabilities		(1,139)
Total lease liabilities, net of current portion	$	5,288

Other information related to the Company’s operating lease liabilities was as follows:

	March 31,		December 31,
	2023		2022
Weighted-average remaining lease term (years)	5.11		5.35
Weighted-average discount rate	4.50	%	4.50	%

Other information related to the Company’s finance lease liabilities was as follows:

	March 31,		December 31,
	2023		2022
Weighted-average remaining lease term (years)	1.84		2.09
Weighted-average discount rate	4.50	%	4.50	%