Fathom Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of lease cost


		Three months ended March 31,
Components of total lease cost:		2021			2020
		(Unaudited)
Operating lease expense		$	47,674		$	35,350
Short-term lease expense			28,462			17,003
Total lease cost		$	76,136		$	52,353

Schedule of balance sheet location disclosure


		March 31, 2021				December 31, 2020
		(Unaudited)
Assets
Lease right of use assets		$	2,223,059		$	437,421
Total lease assets		$	2,223,059		$	437,421

Liabilities
Current liabilities:
Lease liability - current portion		$	252,404		$	140,100
Noncurrent liabilities:
Lease liability, net of current portion			1,976,087			301,429
Total lease liability		$	2,228,491		$	441,529

Schedule of weighted average remaining lease term and the weighted average discount rate for the Company's operating leases


		March 31,
		2021		2020
		(Unaudited)
Weighted average remaining lease term (in years) - operating leases		6.40		4.51
Weighted average discount rate - operating leases		6.40	%	8	%

Schedule of future lease payments

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of March 31, 2021, for the following five fiscal years and thereafter were as follows:


Years Ended December 31,		Operating Leases
2021 (remaining)		$	266,236
2022			472,273
2023			426,467
2024			368,388
2025			337,104
2026 and thereafter			881,775
Total Minimum Lease Payments		$	2,752,243
Less effects of discounting			(523,752)
Present value of future minimum lease payments		$	2,228,491