Leases |
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Leases |
8.
Leases
Operating lease expenses were $988 and $1,157 for the three months ended March 31, 2025 and 2024, respectively. Aggregate variable lease expenses and short-term lease expenses were $341 and $239 for the three months ended March 31, 2025 and 2024, 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 March 31, 2025, the maturity of operating lease liabilities are as follows:
Operating cash flows paid included in the measurement of operating lease liabilities were $579 and $872 for the three months ended March 31, 2025 and 2024, respectively, and were included in net cash used in operating activities in the condensed consolidated statements of cash flows. Amortization of ROU assets was $746 and $809 for the three months ended March 31, 2025 and 2024, respectively. |