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

Leases (Tables)

3 Months Ended

Mar. 31, 2019

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

	As of March 31, 2019
Right-of-use Assets	$	42,655
Short-term operating lease liabilities	$	42,655

For the three months ended March 31, 2019, the components of lease expense were as follows:

Other information related to leases was as follows:

	Three Months Ended March 31, 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 Lease		12

Weighted Average Discount Rate – Operating Lease		10	%

The maturity analysis of the Company’s annual undiscounted cash flows of operating lease liabilities as of March 31, 2019 are as follows:

	Operating Lease
Year Ending:
2019 (excluding the quarter ended March 31, 2019)	$	33,750
2020		11,250
Total minimum lease payments		45,000
Lease amount representing interest		(2,345	)
Total lease liabilities	$	42,655