Leases |
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Leases |
7.
Leases
Lease expenses were $1,118 and $3,443 for the three and nine months ended September 30, 2024, respectively, and were $1,217 and $3,469 for the three and nine months ended September 30, 2023, respectively. Aggregate variable lease expenses and short-term lease expenses were $322 and $923 for the three and nine months ended September 30, 2024, respectively, and were $147 and $434 for the three and nine months ended September 30, 2023, respectively. The following table provides the required information regarding the Company's leases for which the Company is the lessee:
Approximately 83% 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 September 30, 2024, the maturity of operating lease liabilities are as follows:
Operating cash flows paid included in the measurement of operating lease liabilities were $898 and $4,134 for the three and nine months ended September 30, 2024, respectively, and were $1,055 and $1,945 for the three and nine months ended September 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 $801 and $4,104 for the three and nine months ended September 30, 2024, respectively, and was $1,057 and $2,185 for the three and nine months ended September 30, 2023, respectively. |