LEASES (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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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 March 31, |
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2024 |
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2023 |
| Finance lease cost: |
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| Amortization of lease assets |
$ |
1,184 |
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$ |
1,590 |
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| Interest on lease liabilities |
2,668 |
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2,349 |
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| Total finance lease cost |
3,852 |
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3,939 |
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| Operating lease cost |
1,326 |
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733 |
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| Variable lease cost |
36 |
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66 |
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| Total lease cost |
$ |
5,214 |
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$ |
4,738 |
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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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March 31, 2024 |
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December 31, 2023 |
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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 |
16.08 |
% |
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15.15 |
% |
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16.09 |
% |
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15.09 |
% |
| Weighted average remaining lease term (in years) |
16.4 |
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8.6 |
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16.6 |
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8.7 |
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| Lessee, Operating Lease, Liability, Maturity |
The maturities of the contractual undiscounted lease liabilities as of March 31, 2024 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of year |
$ |
7,319 |
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$ |
3,734 |
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| 2025 |
10,820 |
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5,772 |
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| 2026 |
10,494 |
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5,536 |
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| 2027 |
10,002 |
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5,243 |
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| 2028 |
10,166 |
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4,842 |
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| Thereafter |
147,970 |
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19,670 |
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| Total lease payments |
196,771 |
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44,797 |
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| Less: Imputed interest |
(135,367) |
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(20,658) |
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| Total present value of minimum lease payments |
$ |
61,404 |
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$ |
24,139 |
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| Lease liabilities - current portion |
$ |
9,121 |
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$ |
4,707 |
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| Lease liabilities - non-current |
$ |
52,283 |
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$ |
19,432 |
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| Finance Lease, Liability, Fiscal Year Maturity |
The maturities of the contractual undiscounted lease liabilities as of March 31, 2024 are as follows:
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Finance Leases |
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Operating Leases |
| Remainder of year |
$ |
7,319 |
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$ |
3,734 |
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| 2025 |
10,820 |
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5,772 |
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| 2026 |
10,494 |
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5,536 |
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| 2027 |
10,002 |
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5,243 |
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| 2028 |
10,166 |
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4,842 |
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| Thereafter |
147,970 |
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19,670 |
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| Total lease payments |
196,771 |
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44,797 |
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| Less: Imputed interest |
(135,367) |
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(20,658) |
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| Total present value of minimum lease payments |
$ |
61,404 |
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$ |
24,139 |
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| Lease liabilities - current portion |
$ |
9,121 |
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$ |
4,707 |
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| Lease liabilities - non-current |
$ |
52,283 |
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$ |
19,432 |
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