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

Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instrument

Derivative Financial Instrument

6 Months Ended

Jun. 30, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

4. DERIVATIVE FINANCIAL INSTRUMENTS

The gross notional amount of interest rate swap derivative contracts not designated as hedging instruments, outstanding as of June 30, 2020 and December 31, 2019, was €11.2 million ($12.6 million) and €6.3 million ($7.0 million), respectively.

The amount and location of the gains (losses) in the condensed consolidated statements of operations related to derivative contracts is as follows (in thousands):

		Three Months Ended June 30,						Six Months Ended June 30,
Derivatives Not Designed As Hedging Instruments	Line Items	2020			2019			2020			2019
Interest Rate Swap	Financial income (expense), net	$	(51	)	$	(17	)	$	(44	)	$	(23	)
Foreign Exchange Forward	Financial income (expense), net		—			10			—			249
Total		$	(51	)	$	(7	)	$	(44	)	$	226

The following table presents the fair value and the location of derivative contracts reported in the condensed consolidated balance sheets (in thousands):

Derivatives Not Designed As

Hedging Instruments

Line Items

As of June 30,

2020

As of December 31,

2019

Interest Rate Swap

Other long-term liabilities

(124

)

(80

)

Total

(124

)

(80

)