Note 8 - Debt

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

( 8 ) DEBT

Letters of Credit

We have issued letters of credit as the security deposits for certain of our domestic leases. These letters of credit are secured by pledged certificates of deposit which are classified as Restricted Certificates of Deposit on our balance sheets. The terms of our leases require us to renew these letters of credit at least

30

days prior to their expiration dates for successive terms of

not

less than

one

year until lease expiration. In accordance with the terms of our lease, the letter of credit related to our facility in Mt. Laurel, New Jersey was reduced from

$125

to

$90

on

April 1, 2019.

On

April 8, 2019

the lease for our Mansfield, Massachusetts facility was modified as discussed further in Note

12.

Our outstanding letters of credit at

March 31, 2019

and

December 31, 2018

consisted of the following:

				Letters of Credit Amount Outstanding
	Original L/C Issue Date	L/C Expiration Date	Lease Expiration Date	March 31, 201 9		December 31, 201 8
Mt. Laurel, NJ	3/29/2010	3/31/2020	4/30/2021	$	125	$	125
Mansfield, MA	10/27/2010	11/08/2019	8/23/2021		50		50
				$	175	$	175