Leases |
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Leases |
7.
Leases
Lease expenses were $1,168 and $2,325 for the three and six months ended June 30, 2024, respectively, and were $1,034 and $1,965 for the three and six months ended June 30, 2023, respectively. Aggregate variable lease expenses and short-term lease expenses were $363 and $601 for the three and six months ended June 30, 2024, respectively, and were $167 and $287 for the three and six months ended June 30, 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 June 30, 2024, the maturity of operating lease liabilities are as follows:
Operating cash flows paid included in the measurement of operating lease liabilities were $820 and $1,692 for the three and six months ended June 30, 2024, respectively, and were $660 and $890 for the three and six months ended June 30, 2023, respectively, and were included in net cash used in operating activities in the condensed consolidated statements of cash flows. Amortization of ROU assets was $989 and $1,798 for the three and six months ended June 30, 2024, respectively, and was $904 and $1,128 for the three and six months ended June 30, 2023, respectively. |