LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Operating ROU Assets and Lease Liabilities

Upon adoption, the Company recognized lease liabilities and corresponding ROU assets, adjusted for the accrued rent and remaining lease incentives received on the adoption date, as follows:

	January 1, 2022
	(Unaudited)
	ROU assets		Lease liabilities
Real Estate	$	3,878	$	5,482
Cars	50		49
Total operating leases	$	3,928	$	5,531

The Company has the following operating ROU assets and lease liabilities:

	September 30, 2022
	(Unaudited)
	ROU assets		Lease liabilities
Real Estate	$	3,187	$	4,156
Cars	30		27
Total operating leases	$	3,217	$	4,183

	September 30, 2022
	(Unaudited)
	Lease liabilities
Current lease liabilities	$	1,904
Non-current lease liabilities	2,279
Total lease liabilities	$	4,183

Summary of Lease Cost

The following table summarizes the lease costs recognized in the interim condensed consolidated statement of operations:

	Three months ended September 30, 2022		Nine months ended September 30, 2022
	(Unaudited)		(Unaudited)
Operating lease cost	$	466	$	1,413
Short term lease cost	126		334
Variable lease cost	10		20
Total lease cost	$	602	$	1,767

The following table presents supplementary cash flow information regarding the company's operating leases:

	Nine months ended September 30, 2022
	(Unaudited)
Cash paid for amounts included in the measurement of lease liabilities	$	1,688
Right of use assets obtained in exchange for new operating lease liabilities	$	—
Right of use assets obtained in exchange for operating lease liabilities upon lease modification	$	610

Schedule of Operating Lease, Liability, Maturity

The following table summarizes the future payments of Innovid for its operating lease liabilities:

	September 30, 2022
	(Unaudited)
2022 Remaining	$	471
2023	2,160
2024	1,035
2025	695
Total undiscounted lease payments	$	4,361
Less: Interest	(178)
Total lease liabilities - operating	$	4,183