IronNet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

6 Months Ended

Jul. 31, 2022

The lease balances are located in the following positions on the condensed consolidated balance sheet:

Total lease costs for the three and six months ended July 31, 2022 were:


	Three Months Ended			Six Months Ended
	July 31, 2022			July 31, 2022
Operating lease cost	$	239		$	605
Short-term lease cost		641			1,183
Variable lease cost		(4	)		44
Finance lease cost:
Amortization of right-of-use assets		23			45
Interest on lease liabilities		1			3
Total finance lease cost	$	24		$	48

The following table summarizes future scheduled lease payments as of July 31, 2022:


	Operating Leases		Finance Leases
Remaining six months of fiscal 2023	$	479	$	—
2024		755		96
2025		775		-
2026		797		-
2027		658		-
Total		3,464		96
Less: Imputed Interest		420		3
Present value of net lease payments	$	3,044	$	93

Lease liability, current portion	$	689	$	93
Lease liability, net of current portion		2,355		-
Total lease liability	$	3,044	$	93

Supplemental information and non-cash activities 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	$	699
Operating cash flows from finance leases		3
Financing cash flows from finance leases		96
	$	798
Weighted average remaining lease term (in years)
Operating leases		4.19
Finance leases		1.50
Weighted average discount rate
Operating leases		6.30	%
Finance leases		5.67	%

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