Leases |
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Leases |
7.
Leases
Lease expenses for the three months ended March 31, 2024 and 2023 were $1,157 and $930, respectively. Aggregate variable lease expenses and short-term lease expenses were $239 and $120 for the three months ended March 31, 2024 and 2023, respectively. The following table provides the required information regarding the Company's leases for which the Company is the lessee:
Approximately 77% of the Company's right-of-use (“ROU”) assets and lease liabilities relate to office facilities leases, with the remaining amounts representing primarily ground station leases. As of March 31, 2024, the maturity of operating lease liabilities are as follows:
Operating cash flows paid included in the measurement of operating lease liabilities for the three months ended March 31, 2024 and 2023 were $872 and $230, respectively, and were included in net cash used in operating activities in the condensed consolidated statements of cash flows. Amortization of ROU assets for the three months ended March 31, 2024 and 2023 were $809 and $224, respectively. |