LEASES

9 Months Ended

Sep. 30, 2022

The Group has operating leases for office spaces and warehouses. Certain leases include renewal options and/or termination options, which are factored into the Group's determination of lease payments when appropriate.

Operating lease cost for the three and nine months ended September 30, 2022 was $743 and $2,290, respectively, which excluded cost of short-term contracts. Short-term lease cost for the three and nine months ended September 30, 2022 was $87 and $296, respectively.

As of September 30, 2022, the weighted average remaining lease term was 11.9 years and weighted average discount rate was 4.9% for the Group's operating leases.

Supplemental cash flow information of the leases were as follows:


	Nine months ended September 30, 2022
Cash payments for operating leases	$	2,330
Right-of-use assets obtained in exchange for new operating lease liabilities	$	452

The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of September 30, 2022:


	As of September 30, 2022
Three months period ending December 31, 2022	$	709
2023	$	2,480
2024	$	1,870
2025	$	1,391
2026	$	1,369
2027	$	1,369
Thereafter	$	11,064
Total future lease payments	$	20,252
Less: Imputed interest	$	(4,820)
Present value of operating lease liabilities	$	15,432