Note 9 - Debt

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

( 9 ) 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.

Our outstanding letters of credit at

December 31, 2019

and

2018

consisted of the following:

		L/C	Lease	Letters of Credit Amount Outstanding
Facility	Original L/C Issue Date	Expiration Date	Expiration Date	Dec. 31 2019		Dec. 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