iAnthus Capital Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Leases (Tables)

v3.24.1

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Lease Cost

The components of lease expense are as follows:


		Year Ended December 31,
		2023		2022
Operating lease costs(1)	Selling, general and administrative expenses	$	7,084	$	8,474
	Costs and expenses applicable to revenues		1,780		—
Total lease cost		$	8,864	$	8,474

(1)

Includes short-term leases and variable lease costs for the years ended December 31, 2023 and 2022.

Operating cash flows from operating leases was $7.8 million for the year ended December 31, 2023.

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:


		As of December 31,
Balance Sheet Information	Classification	2023		2022
Operating right-of-use assets, net	Operating leases	$	27,377	$	28,399
Lease liabilities
Current portion of operating lease liabilities	Operating leases	$	7,716	$	7,789
Long-term portion of operating lease liabilities	Operating leases		28,009		28,836
Total		$	35,725	$	36,625

Summary of Maturities of Lease Liabilities for Operating Leases

Maturities of lease liabilities for operating leases as of December 31, 2023, were as follows:


	Operating Leases
2024	$	7,716
2025		7,887
2026		7,998
2027		7,419
2028		7,373
Thereafter		50,118
Total lease payments	$	88,511
Less: interest expense		(52,786	)
Present value of lease liabilities	$	35,725
Weighted-average remaining lease term (years)		10.7
Weighted-average discount rate		19	%

- Definition

Disclosure of supplemental balance sheet information related to leases table text block.

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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