8. Leases

The Company leases facilities and certain equipment under agreements classified as operating leases, which expire at various dates through June 2028. Substantially all of the property leases provide for increases based upon use of utilities and landlord’s operating expenses as well as pre-defined rent escalations. Total operating lease expense from continuing operations under these agreements for the years ended December 31, 2023 and 2022 was approximately $0.8 million and $0.9 million, respectively. Total cash paid under these agreements for the years ended December 31, 2023 and 2022 was approximately $0.8 million and $0.9 million, respectively.

The table below presents the lease-related assets and liabilities recorded in the Consolidated Balance Sheet:

 Schedule of Lease related Assets and Liabilities

The weighted average remaining lease term for the Company’s operating leases was 4.3 years as of December 31, 2023 and 5.0 years as of December 31, 2022 and the weighted average discount rate for those leases was 11.8% and 11.7% as of December 31, 2023 and December 31, 2022, respectively. The Company’s operating lease expenses are recorded within “Cost of revenue” and “General and administrative expenses.”

The table below reconciles the undiscounted cash flows to the lease liabilities recorded on the Company’s Consolidated Balance Sheet as of December 31, 2023:

 Schedule of Maturities of Operating Lease Liabilities