Leases, Commitments and Contingencies |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases Commitments And Contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases, Commitments and Contingencies |
NOTE 9. LEASES, COMMITMENTS AND CONTINGENCIES
Leases Lease Costs As of June 30, 2023, on its condensed consolidated balance sheet the Company had right-of-use assets of $2,539 recorded within , the current portion of operating lease liabilities of $2,640 recorded within , and the non-current portion of operating lease liabilities of $1,329 recorded within . As of December 31, 2022, on its condensed consolidated balance sheet the Company had right-of-use assets of $1,755 recorded within , the current portion of operating lease liabilities of $2,112 recorded within , and the non-current portion of operating lease liabilities of $1,510 recorded within . The Company made cash payments for its operating leases of $644 and $1,281 for the three and six months ended June 30, 2023, respectively, and $669 and $1,321 for the three and six months ended June 30, 2022, all of which were included in cash flows from operating activities within the condensed consolidated statements of cash flows. The Company’s operating leases have a weighted average remaining lease term of 1.7 years and weighted average discount rate of 6.9%. The total rent expense for all operating leases was $546 and $1,092 for the three and six months ended June 30, 2023, respectively, and $756 and $1,262 for the three and six months ended June 30, 2022, respectively, with short-term leases making up an immaterial portion of such expenses. For its sublease, the Company recorded sublease income of $277 and $554 for the three and six months ended June 30, 2023, respectively, and $277 and $554 for the three and six months ended June 30, 2022, respectively Lease Commitments Future undiscounted lease payments for the Company’s operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at June 30, 2023 are as follows:
Purchase Consideration In connection with the March 2022 Acquisition, the Company committed to make purchase consideration payments of $1,500 within ten days of the first anniversary of the closing date of the acquisition and an additional $1,500 within ten days of the second anniversary of the closing date of the acquisition. The first payment of $1,500 was made during the six months ended June 30, 2023. In connection with the VocaliD acquisition, the Company committed to make purchase consideration payments of $1,000 on the first anniversary of the closing date of the acquisition and an additional $1,000 on the 18-month anniversary of the closing date of the acquisition. The first payment of $1,000 was made during the six months ended June 30, 2023. In connection with the VSL acquisition, the Company committed to make a purchase consideration payment of $300 on the 18-month anniversary of the closing date of the acquisition. Refer to Note 3 for further details. Other Contingencies From time to time, the Company may be involved in litigation relating to claims arising out of its operations in the normal course of business. The Company currently is not a party to any legal proceedings, the adverse outcome of which, in management’s opinion, individually or in the aggregate, would have a material adverse effect on the Company’s results of operations, financial position or cash flows. |