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)

9 Months Ended

Sep. 30, 2020

Schedule of lease cost


		Nine months ended September 30,
Components of total lease cost:		2020			2019
		(Unaudited)
Operating lease expense		$	118,059		$	76,582
Short-term lease expense			47,382			40,442
Total lease cost		$	165,441		$	117,024

Schedule of balance sheet location disclosure


		As of September 30, 2020
		(Unaudited)
Assets
Lease right of use assets		$	249,075
Total lease assets		$	249,075
Liabilities
Current liabilities:
Lease liability - current portion		$	78,531
Noncurrent liabilities:
Lease liability, net of current portion			174,163
Total lease liability		$	252,694

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

The table below presents certain information related to the weighted average remaining lease term and the weighted average discount rate for the Company’s operating leases as of September 30, 2020:


Weighted average remaining lease term (in years) - operating leases		3.92
Weighted average discount rate - operating leases		9.62	%

Schedule of future lease payments


Year ending December 31,		Operating Leases
2020 (remaining)		$	37,897
2021			80,786
2022			59,643
2023			41,686
2024			43,243
2025			37,353
Total Minimum Lease Payments		$	300,608
Less effects of discounting			(47,914)
Present value of future minimum lease payments		$	252,694