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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Cash paid for operating lease liabilities	$	197		$	188		$	263		$	330
Right-of-use assets obtained in exchange for new operating lease obligations	$	48		$	570			48		$	570
Weighted-average remaining lease term	4.2 years			4.5 years			4.2 years			4.5 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 June 30, 2021 for leases that have commenced are as follows (in thousands):


	June 30,
2022	$	608
2023		585
2024		590
2025		539
2026 and thereafter		243
Total future minimum lease obligations		2,565
Less imputed interest		(585	)
Total lease liabilities	$	1,980

Current operating lease liabilities, included in accrued liabilities	$	378
Non current lease liabilities		1,602
Total lease liabilities	$	1,980

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

Future minimum rental commitments under lease agreements, as of June 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	$	319
2022		577
2023		591
2024		589
2025 and thereafter		489
Total future minimum lease obligations		2,565
Less imputed interest		(585	)
Total lease liabilities	$	1,980