SS Innovations International, Inc. Leases Disclosure
NOTE 16 – LEASES
The Company conducts its operations using facilities leased under operating lease agreements that expire at various dates.
The following is a summary of operating lease assets and liabilities:
| As of December 31 | ||||||||
| Operating leases | 2024 | 2023 | ||||||
| Assets | ||||||||
| ROU operating lease assets | 2,623,880 | 2,657,554 | ||||||
| Liabilities | ||||||||
| Current portion of operating lease | 409,518 | 396,784 | ||||||
| Non Current portion of operating lease | 2,349,118 | 2,351,113 | ||||||
| Total lease liabilities | 2,758,636 | 2,747,897 | ||||||
| As of December 31 | ||||||||
| Operating leases | 2024 | 2023 | ||||||
| Weighted average remaining lease term (years) | ||||||||
| Ilabs Info Technology 3rd Floor | 5.19 | 6.19 | ||||||
| Ilabs Info Technology 1st Floor | 5.58 | |||||||
| Ilabs Info Technology Ground Floor | 7.42 | 8.42 | ||||||
| Village Chhatarpur-1849-1852-Farm | 0.58 | 1.58 | ||||||
| Weighted average discount rate | ||||||||
| Ilabs Info Technology 3rd Floor | 12 | % | 12 | % | ||||
| Ilabs Info Technology 1st Floor | 12 | % | ||||||
| Ilabs Info Technology Ground Floor | 12 | % | 12 | % | ||||
| Village Chhatarpur-1849-1852-Farm | 10 | % | 10 | % | ||||
Supplemental cash flow and other information related to leases are as follows:
| Year ended December 31 | ||||||||
| 2024 | 2023 | |||||||
| Cash payments for amounts included in the measurement of lease liabilities: | ||||||||
| Operating cash outflows for operating leases | 705,868 | 524,766 | ||||||
Maturities of lease liabilities as of December 31, 2024 were as follows:
| Operating Leases | ||||
| Fiscal Year | Amount (in $) |
|||
| 2025 | 707,907 | |||
| 2026 | 596,737 | |||
| 2027 | 608,834 | |||
| 2028 | 621,537 | |||
| 2029 | 634,874 | |||
| 2030 and thereafter | 703,872 | |||
| Total Lease Payment | 3,873,761 | |||
| Less: Imputed Interest | 1,115,125 | |||
| Present value of lease liabilities | 2,758,636 | |||
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.