IronNet, Inc. Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

12 Months Ended

Jan. 31, 2023

Total lease costs for the fiscal year ended January 31, 2023 were:


	Fiscal Year Ended
	January 31, 2023
Operating lease cost	$	1,005
Short-term lease cost		2,147
Variable lease cost		36
Finance lease cost:
Amortization of right-of-use assets		92
Interest on lease liabilities		7
Total finance lease cost	$	99

The following table summarizes future scheduled lease payments as of January 31, 2023:


Fiscal year ending January 31,	Operating Leases		Finance Leases
2024	$	755	$	144
2025		775		48
2026		797		45
2027		658		-
2028		-		-
Total		2,985		237
Less: Imputed Interest		331		26
Present value of net lease payments	$	2,654	$	211

Lease liability, current portion	$	607	$	130
Lease liability, net of current portion		2,047		81
Total lease liability	$	2,654	$	211

Supplemental information related to operating and finance leases are as follows:


Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,178
Operating cash flows from finance leases		4
Financing cash flows from finance leases		98
	$	1,280
Weighted average remaining lease term (in years)
Operating leases		3.83
Finance leases		2.09
Weighted average discount rate
Operating leases		6.36	%
Finance leases		10.10	%

The minimum aggregate future obligations under noncancelable operating leases as of January 31, 2022 were as follows:

As the Company did not hold finance leases as of January 31, 2022, there were no future minimum lease payments under finance leases at that time.