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

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, 2020

Right-of-use Asset and Lease Liability

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


	(Unaudited)
	Six months ended
	June 30,
		2020		2019
Cash paid for operating lease liabilities	$	248	$	248
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	128	$	2,163
Weighted-average remaining lease term		6.5 years		7.6 years
Weighted-average discount rate		3.3%		3.4%

(1)

During the six months ended June 30, 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


2020 (excluding the six months ended June 30, 2020)	$	240
2021		472
2022		426
2023		463
2024		473
Thereafter		1,100
		3,174
Less: imputed interest		(694)
Total lease liabilities	$	2,480

Lease liabilities, current portion		448
Lease liabilities, net of current portion		2,032
Total lease liabilities	$	2,480