Climb Global Solutions Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

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

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

12 Months Ended

Dec. 31, 2020

Right-of-use Asset and Lease Liability

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


	Year ended
	December 31,
		2020		2019
Cash paid for operating lease liabilities	$	503	$	460
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	537	$	2,163
Weighted-average remaining lease term		6.1 years		7.2 years
Weighted-average discount rate		3.5%		3.4%

(1)

During the year ended December 31, 2020, includes $0.5 million recognized through acquisitions. During the year ended December 31, 2019, represents operating leases existing on January 1, 2019 and recognized as part of the Company’s adoption of ASU 2016-02.

Schedule of maturities of lease liabilities

Maturities of lease liabilities as of December 31, 2020 were as follows:


2021	$	562
2022		500
2023		535
2024		545
2025		555
Thereafter		674
		3,371
Less: imputed interest		(714)
Total lease liabilities	$	2,657

Lease liabilities, current portion		490
Lease liabilities, net of current portion		2,167
Total lease liabilities	$	2,657