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

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2020

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

	Three Months Ended,
	September 30, 2020
Cash paid for operating lease liabilities	$	87
Right-of-use assets obtained in exchange for new operating lease obligations		1,440
Weighted-average remaining lease term	4.9 years
Weighted-average discount rate		12.3	%

	Nine Months Ended,
	September 30, 2020
Cash paid for operating lease liabilities	$	417
Right-of-use assets obtained in exchange for new operating lease obligations		2,037
Weighted-average remaining lease term	5.2 years
Weighted-average discount rate		12.3	%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of September 30, 2020 for leases that have commenced were as follows (in thousands):

Due in 12 month period ended September 30,
2021	$	478
2022		567
2023		584
2024		587
2025		529
Thereafter		128
	$	2,873
Less imputed interest		800
Total lease liabilities	$	2,073

Current operating lease liabilities		214
Non-current lease liabilities		1,859
Total lease liabilities	$	2,073

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

Future minimum rental commitments under lease agreements, as of September 30, 2020, 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,
2020 (three months)	$	68
2021		547
2022		573
2023		588
2024		587
2025		510
Total future minimum lease obligations	$	2,873