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)

9 Months Ended

Sep. 30, 2020

Right-of-use Asset and Lease Liability

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


	(Unaudited)
	Nine months ended
	September 30,
		2020		2019
Cash paid for operating lease liabilities	$	386	$	371
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	131	$	2,163
Weighted-average remaining lease term		6.3 years		7.4 years
Weighted-average discount rate		3.4%		3.4%

(1)

During the nine months ended September 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 nine months ended September 30, 2020)	$	103
2021		473
2022		426
2023		462
2024		472
Thereafter		1,100
		3,036
Less: imputed interest		(682)
Total lease liabilities	$	2,354

Lease liabilities, current portion		428
Lease liabilities, net of current portion		1,926
Total lease liabilities	$	2,354