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

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2021

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


	Three Months Ended
	March 31,
	2021			2020
Cash paid for operating lease liabilities	$	66		$	192
Right-of-use assets obtained in exchange for new operating lease obligations	$	1,890		$	—
Weighted-average remaining lease term	4.5 years				—
Weighted-average discount rate		12.3	%		0.0	%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2021 for leases that have commenced are as follows (in thousands):


	March 31,
2022	$	583
2023		577
2024		587
2025		563
2026 and thereafter		367
Total future minimum lease obligations		2,676
Less imputed interest		(650	)
Total lease liabilities	$	2,026

Current operating lease liabilities, included in accrued liabilities	$	340
Non current lease liabilities		1,686
Total lease liabilities	$	2,026

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

Future minimum rental commitments under lease agreements, as of March 31, 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,
2021 (nine months)	$	440
2022		573
2023		587
2024		587
2025 and thereafter		489
Total future minimum lease obligations		2,676
Less imputed interest		(650	)
Total lease liabilities	$	2,026