SCWorx, Corp. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table presents supplemental condensed consolidated balance sheet information related to our operating leases:


	As of
	September 30, 2019
Right-of-use Assets	$	22,000
Short-term operating lease liabilities	$	22,000

For the three and nine months ended September 30, 2019, the components of lease expense were as follows:

Other information related to leases was as follows:


	Three Months Ended
	September 30, 2019
Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows for operating leases	$	11,250

Weighted Average Remaining Lease term (months) – operating leases		15

Weighted Average Discount Rate – operating leases		10	%

The maturity analysis of the Company’s annual undiscounted cash flows of operating lease liabilities as of September 30, 2019 are as follows:


	Operating Lease
Year Ending December 31, :
2019 (excluding the quarters ended September 30, 2019)	$	4,050
2020		18,550
Total minimum lease payments		22,600
Lease amount representing interest		(600)
Total lease liabilities	$	22,000