BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2021

Information related to the Company’s right-of-use assets and related liabilities were as follows (in thousands):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2021			2020			2021			2020
Cash paid for operating lease liabilities	$	62		$	87		$	185		$	417
Right-of-use assets obtained in exchange for new operating lease obligations	$	-		$	1,440			48		$	2,037
Weighted-average remaining lease term	3.8 years			4.9 years			3.8 years			5.2 years
Weighted-average discount rate		12.3	%		12.3	%		12.3	%		12.3	%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of September 30, 2021 for leases that have commenced are as follows (in thousands):


	September 30,
2022	$	624
2023		621
2024		613
2025		519
2026 and thereafter		121
Total future minimum lease obligations		2,498
Less imputed interest		(537	)
Total lease liabilities	$	1,961

Current operating lease liabilities, included in accrued liabilities	$	404
Non current lease liabilities		1,557
Total lease liabilities	$	1,961

Future minimum rental commitments under lease agreements with non-cancelable Operating Leases

Future minimum rental commitments under lease agreements, as of September 30, 2021, with non-cancelable terms greater than one year for each of the years ending December 31 are as follows (in thousands):


	Year Ended
	December 31,
Remainder of 2021	$	166
2022		610
2023		624
2024		609
2025 and thereafter		489
Total future minimum lease obligations		2,498
Less imputed interest		(537	)
Total lease liabilities	$	1,961