Leases

3 Months Ended

Mar. 31, 2023

Leases

Leases

(6) Leases

The Company has entered into agreements to lease its warehouses and distribution centers and certain office space under operating leases. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Right-of-use (“ROU”) assets and lease liabilities are recorded on the balance sheet for all leases, except leases with an initial term of 12 months or less.

The components of lease costs were as follows:

	Three Months ended March 31,
	2023		2022
Operating lease costs	$	40,253	$	48,231
Short-term lease costs		8,900		—
Total lease costs	$	49,153	$	48,231

The weighted-average remaining lease term and discount rate were as follows:

	Period Ended March 31,
	2023			2022
Operating leases:
Weighted average remaining lease term (years)		0.9			1.5
Weighted average discount rate		3.8	%		5.6	%

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	Three Months ended March 31,
	2023		2022
Operating cash flow information:
Amounts included in measurement of lease liabilities	$	41,132	$	48,632
Non-cash activities:
ROU asset obtained in exchange for lease liability	$	—	$	—

The maturity of the Company’s operating lease liabilities as of March 31, 2023 were as follows:

Years ended December 31,
2023 (remainder)	$	114,247
2024		22,794
Total lease payments	$	137,041
Less: imputed interest		(2,970	)
Present value of operating lease liabilities	$	134,071
Operating lease liabilities, current	$	125,010
Operating lease liabilities, noncurrent	$	9,061