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, 2019

Right-of-use Asset and Lease Liability

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


	Nine months ended
	September 30,
	2019
Cash paid for operating lease liabilities	$	371
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	2,163
Weighted-average remaining lease term		7.4 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 nine months ended September 30, 2019.

Schedule of maturities of lease liabilities


2019 (excluding the nine months ended September 30, 2019)	$	88
2020		438
2021		405
2022		414
2023		463
Thereafter		1,573
		3,381
Less: imputed interest		(734)
Total lease liabilities	$	2,647

Lease liabilities, current portion		397
Lease liabilities, net of current portion		2,250
Total lease liabilities	$	2,647