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

Leases (Tables)

12 Months Ended

Sep. 30, 2022

Our operating leases are reported in our Consolidated Balance Sheets as follows:

(in thousands)


		September 30,		September 30,
Operating lease components	Classification	2022		2021
Right-of-use assets – non-current	Other non-current assets	$	755	$	288
Current lease liabilities	Other current liabilities	$	415	$	323
Non-current lease liabilities	Other liabilities	$	386	$	42

Our operating leases cost components are reported in our Consolidated Statements of Operations as follows:


(in thousands)
		September 30,		September 30,
Operating lease components	Classification	2022		2021
Grove management services revenue	Operating revenue	$	116	$	306
Grove management services cost-of-sales	Operating expenses	$	116	$	306
Operating lease costs	General and administrative expenses	$	85	$	198


	September 30, 2022
Weighted-average remaining lease term	1.94 years
Weighted-average discount rate	1.81	%


(in thousands)
	September 30, 2022		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	302	$	519

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—	$	—

Future maturities of our operating lease obligations as of September 30, 2022 by fiscal year are as follows:


(in thousands)
2023	$	446
2024		164
2025		97
2026		100
2027		15
Total noncancelable future lease obligations	$	822
Less: Interest		(21	)
Present value of lease obligations	$	801