Quarterly report pursuant to Section 13 or 15(d)

Right of Use Leased Asset

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Right of Use Leased Asset
 3 Months Ended
Mar. 31, 2023
Right Of Use Leased Asset  
Right of Use Leased Asset Right of Use Leased Asset
Right of use asset consisted of the following (in thousands):
March 31, 2023 December 31, 2022
Office Lease Assets $ 10,313  $ 10,313 
Equipment Lease Assets 5,145  3,928 
Right Of Use Asset, Gross 15,458  14,241 
Accumulated Amortization (3,335) (2,587)
Foreign Currency Translation Adjustment (810) (810)
Right Of Use Asset, Net $ 11,313  $ 10,844 
Refer to Note 20 for details on the Company's lease commitments.
As of March 31, 2023, the weighted-average lease term for the Company's operating leases was 90 months and the weighted-average discount rate was 10.4%. As of December 31, 2022, the weighted-average lease term for operating leases was 93 months and the weighted-average discount rate was 10.4%.
As of March 31, 2023, the weighted-average lease term for the Company's finance leases was 43 months and the weighted-average discount rate was 5.4%. As of December 31, 2022, the weighted-average lease term for the Company's finance leases was 35 months and the weighted-average discount rate was 5.3%.
Operating lease costs during the three months ended March 31, 2023 and 2022 were $0.4 million and $0.2 million, respectively, recorded within General and Administrative Expenses on the Company's condensed consolidated statement of operations.
During the three months ended March 31, 2023 the Company recorded finance lease costs of $0.6 million, comprised of ROU amortization of $0.5 million recorded within General and Administrative Expenses on the Company's condensed consolidated statement of operations and accretion of interest expense of $49,904 recorded within Interest
Expense on the Company's condensed consolidated statement of operations. The Company did not have finance leases as of March 31, 2022.