Leases |
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| Leases |
8.
Leases
Operating lease expenses were $1,036 and $2,024 for the three and six months ended June 30, 2025, respectively, and were $1,168 and $2,325 for the three and six months ended June 30, 2024, respectively. Aggregate variable lease expenses and short-term lease expenses were $380 and $721 for the three and six months ended June 30, 2025, respectively, and $363 and $601 for the three and six months ended June 30, 2024, respectively. The following table provides the required information regarding the Company’s leases for which the Company is the lessee:
Approximately 86% 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, 2025, the maturity of operating lease liabilities are as follows:
Operating cash payments included in the measurement of operating lease liabilities were $676 and $1,255 for the three and six months ended June 30, 2025, respectively, and were $820 and $1,692 for the three and six months ended June 30, 2024, respectively, all of which were included in net cash used in operating activities in the condensed consolidated statements of cash flows. Amortization of ROU assets was $773 and $1,519 for the three and six months ended June 30, 2025, respectively, and $989 and $1,798 for the three and six months ended June 30, 2024, respectively. |
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