Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

NOTE 7 — Accrued Expenses and Other Current Liabilities

Accrued expenses consist of the following:

	As of December 31,
	2022		2021
Accrued bonuses	$	1,309	$	3,668
Other employee-related liabilities		2,403		2,131
Accrued interest		1,000		1,313
Other accrued expenses 1		1,523		1,213
	$	6,235	$	8,325

1.There are no individual items within this balance that exceed 10% of the total of the table.

Accrued bonuses include cash incentives for executive officers and other employees of the Company. Historically, bonuses have been provided to executives on a discretionary basis. Bonus compensation is designed to hold executives accountable and reward them for individual and business performance. The Company offers an annual incentive program for its executive officers whereby they are eligible to receive target bonus payouts, of up to 50% for the CEO ($73 for 2022) and 40% for other executive officers, of their base salary, with the actual bonus awarded based on a number of factors, including each executive’s individual performance, Leafly’s performance, current market and business climate, and Leafly’s financial circumstances, as determined by the Leafly board of directors.