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

Leases (Tables)

12 Months Ended

Sep. 30, 2021

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

(in thousands)

		September 30,		September 30,
Operating lease components	Classification	2021		2020
Right-of-use assets - non-current	Other non-current assets	$	288	$	774
Current lease liabilities	Other current liabilities	$	323	$	512
Non-current lease liabilities	Other liabilities	$	42	$	356

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	2021		2020
Operating lease costs	General and administrative expenses	$	504	$	246
Operating lease right-of-use asset impairment	Other expense	$	—	$	87

September 30,

2021

Weighted-average remaining lease term

0.66 years

Weighted-average discount rate

3.30

Cash flow information related to leases consists of the following:

(in thousands)
	September 30, 2021		September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	519	$	247

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—	$	1,095

Future maturities of our operating lease obligations as of September 30, 2021 by fiscal year are as follows:

(in thousands)
2022	$	324
2023		47
Total noncancelable future lease obligations	$	371
Less: Interest		(6	)
Present value of lease obligations	$	365