Sonim Technologies 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, 2023

Summary of Activity of ROU Assets and Liability

		Lease Liability
Balance, December 31, 2022		$	66
Adoption of ASC 842			-
Additions			255
Principal payments			(63	)
Balance, March 31, 2023			258
Less short-term portion			(258	)
Long term lease liability		$	—

		ROU Assets
Balance, December 31, 2022		$	66
Adoption of ASC 842			-
Derecognition of deferred rent liability			-
Impairment of ROU asset			-
Additions			255
Amortization			(63	)
Balance, March 31, 2023		$	258

		Lease Liability
Balance, December 31, 2021		$	—
Adoption of ASC 842			1,976
Principal payments			(199	)
Balance, March 31, 2022			1,777
Less short-term portion			(769	)
Long term lease liability		$	1,008

		ROU Assets
Balance, December 31, 2021		$	—
Adoption of ASC 842			1,976
Derecognition of deferred rent liability			(142	)
Impairment of ROU asset			(978	)
Amortization			(144	)
Balance, March 31, 2022		$	712

Schedule of Future Minimum Lease Payments under Noncancelable Operating Lease Commitments

Future minimum lease payments under noncancelable operating lease commitments are as follows as of March 31, 2023:

Year Ending, December 31^st,
2023		$	212
2024			56
2025			—
2026			—
2027 and thereafter			—
Total undiscounted minimum lease commitments			268
Effect of discounting			(10	)
Lease liabilities at March 31, 2023		$	258