Pineapple Energy Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2020



		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



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