LEASES (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Leases [Abstract] |
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| Lease, Cost |
The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Finance lease cost: |
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| Amortization of lease assets |
$ |
1,149 |
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$ |
1,532 |
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$ |
4,208 |
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$ |
3,935 |
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| Interest on lease liabilities |
2,335 |
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2,754 |
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7,282 |
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8,668 |
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| Total finance lease cost |
3,484 |
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4,286 |
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11,490 |
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12,603 |
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| Operating lease cost |
1,764 |
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898 |
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3,412 |
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2,698 |
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| Variable lease cost |
33 |
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99 |
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119 |
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281 |
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| Total lease cost |
$ |
5,281 |
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$ |
5,283 |
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$ |
15,021 |
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$ |
15,582 |
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Other information related to operating and finance leases as of the balance sheet dates presented are as follows:
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September 30, 2023 |
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December 31, 2022 |
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(unaudited) |
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Finance Leases |
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Operating Leases |
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Finance Leases |
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Operating Leases |
| Weighted average discount rate |
16.07 |
% |
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14.84 |
% |
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11.23 |
% |
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11.51 |
% |
| Weighted average remaining lease term (in years) |
16.8 |
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8.7 |
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22.7 |
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14.1 |
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| Lessee, Operating Lease, Liability, Maturity |
The maturities of the contractual undiscounted lease liabilities as of September 30, 2023 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of year |
$ |
1,903 |
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$ |
1,017 |
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| 2024 |
10,738 |
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5,970 |
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| 2025 |
10,602 |
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5,848 |
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| 2026 |
10,494 |
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5,315 |
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| 2027 |
10,002 |
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4,986 |
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| Thereafter |
158,136 |
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23,471 |
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| Total lease payments |
201,875 |
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46,607 |
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| Less: Imputed interest |
(140,236) |
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(21,703) |
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| Total present value of minimum lease payments |
$ |
61,639 |
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$ |
24,904 |
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| Lease liabilities - current portion |
$ |
8,740 |
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$ |
4,916 |
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| Lease liabilities - non-current |
$ |
52,899 |
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$ |
19,988 |
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| Finance Lease, Liability, Fiscal Year Maturity |
The maturities of the contractual undiscounted lease liabilities as of September 30, 2023 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of year |
$ |
1,903 |
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$ |
1,017 |
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| 2024 |
10,738 |
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5,970 |
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| 2025 |
10,602 |
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5,848 |
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| 2026 |
10,494 |
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5,315 |
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| 2027 |
10,002 |
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4,986 |
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| Thereafter |
158,136 |
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23,471 |
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| Total lease payments |
201,875 |
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46,607 |
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| Less: Imputed interest |
(140,236) |
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(21,703) |
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| Total present value of minimum lease payments |
$ |
61,639 |
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$ |
24,904 |
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| Lease liabilities - current portion |
$ |
8,740 |
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$ |
4,916 |
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| Lease liabilities - non-current |
$ |
52,899 |
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$ |
19,988 |
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