Note 8 - Debt

9 Months Ended

Sep. 30, 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 that 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 previously discussed.

				Letters of Credit Amount Outstanding
	Original L/C Issue Date	L/C Expiration Date	Lease Expiration Date	September 30, 2019		December 31, 2018
Mt. Laurel, NJ	3/29/2010	3/31/2020	4/30/2021	$	90	$	125
Mansfield, MA	10/27/2010	12/31/2024	12/31/2024		50		50
				$	140	$	175