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)

3 Months Ended

Mar. 31, 2020

Right-of-use Asset and Lease Liability

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


	(Unaudited)
	Three months ended
	March 31,
		2020		2019
Cash paid for operating lease liabilities	$	120	$	124
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	—	$	2,163
Weighted-average remaining lease term		6.9 years		7.8 years
Weighted-average discount rate		3.4%		3.4%

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 three months ended March 31, 2020 and 2019.

Schedule of maturities of lease liabilities


2020 (excluding the three months ended March 31, 2020)	$	318
2021		405
2022		414
2023		463
2024		473
Thereafter		1,100
		3,173
Less: imputed interest		(709)
Total lease liabilities	$	2,464

Lease liabilities, current portion		370
Lease liabilities, net of current portion		2,094
Total lease liabilities	$	2,464