KORU Medical Systems Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

6 Months Ended

Jun. 30, 2020

The components of lease expense were as follows:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019

Operating lease cost	$	37,921	$	37,921	$	75,843	$	73,750

Finance lease cost:
Amortization of right-of-use assets	$	1,855	$	1,061	$	3,711	$	2,121
Interest on lease liabilities		65		59		152		131
Total finance lease cost	$	1,920	$	1,120	$	3,863	$	2,252

Supplemental cash flow information related to leases was as follows:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Finance cash flows from finance leases	$	1,869	$	1,041	$	3,717	$	2,069
Finance lease cost:
Amortization of right-of-use assets	$	1,855	$	1,061	$	3,711	$	2,121
Interest on lease liabilities		65		59		152		131
Total finance lease cost	$	1,920	$	1,120	$	3,863	$	2,252

Supplemental balance sheet information related to leases was as follows:

	For the Six Months Ended
	June 30,
	2020			2019

Operating Leases
Operating lease right-of-use assets	$	306,101		$	439,782

Operating lease current liabilities		139,618			133,417
Operating lease long term liabilities		166,483			306,365
Total operating lease liabilities	$	306,101		$	439,782

Finance Leases
Property and equipment, at cost	$	12,725		$	6,363
Accumulated depreciation		(8,549	)		(2,121	)
Property and equipment, net	$	4,176		$	4,242

Finance lease current liabilities		3,195			4,295
Finance lease long term liabilities		1,030			—
Total finance lease liabilities	$	4,225		$	4,295

	Six Months Ended June 30, 2020	Six Months Ended June 30, 2019
Weighted Average Remaining Lease Term
Operating leases	2 Years	3 Years
Finance leases	1 Year	1 Year

Weighted Average Discount Rate
Operating leases	4.75%	4.75%
Finance leases	4.75%	4.75%

Maturities of lease liabilities are as follows: