SUNation Energy, Inc. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Information related to the Company’s ROU assets and related lease liabilities were as follows:


	Year Ended December 31
	2020		2019

Cash paid for operating leases	$	185,000	$	112,000
Right-of-use assets obtained in exchange for new operating lease obligations ⁽¹⁾	$	209,000	$	450,000


	As of December 31
	2020			2019
Weighted-average remaining lease term	2.2 years			3.3 years
Weighted-average discount rate		3.6	%		4.5	%

(1)

2019 includes $280,000 for operating leases existing on January 1, 2019 and $188,000 for operating leases that commenced in the first quarter of 2019. 2020 includes $209,000 for an operating lease assumed with the Ecessa acquisition in the second quarter.

Maturities of lease liabilities as of December 31, 2020 were as follows

Maturities of lease liabilities as of December 31, 2020 were as follows:


2021	$	225,000
2022		152,000
2023		47,000
2024		4,000
Total lease payments		428,000
Less imputed interest		(17,000	)
Total operating lease liabilities	$	411,000