Climb Global Solutions Quarterly report pursuant to Section 13 or 15(d)

Right-of-use Asset and Lease Liability (Tables)

Right-of-use Asset and Lease Liability (Tables)

6 Months Ended

Jun. 30, 2019

Right-of-use Asset and Lease Liability

Schedule of information relating to right-of-use assets and related lease liabilities


	Six months ended
	June 30,
	2019
Cash paid for operating lease liabilities	$	248
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	2,163
Weighted-average remaining lease term		7.6 years
Weighted-average discount rate		3.4%

(1)

Represents operating leases existing on January 1, 2019 and recognized as part of the Company’s adoption of ASU 2016-02. No new operating leases commenced during the six months ended June 30, 2019.

Schedule of maturities of lease liabilities


2019 (excluding the six months ended June 30, 2019)	$	212
2020		438
2021		405
2022		414
2023		463
Thereafter		1,573
		3,505
Less: imputed interest		(743)
Total lease liabilities	$	2,762

Lease liabilities, current portion		404
Lease liabilities, net of current portion		2,358
Total lease liabilities	$	2,762