Note 12 - Lease Obligations

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

12—LEASE

OBLIGATIONS

Capital leases

The Company leases certain of its equipment under capital leases. At

December

31,

2016,

this equipment consists of medical devices for an amount of

€130

thousand and vehicles and other IT equipment for an amount of

€405

thousand. Future minimum lease payments under capital leases for the years ending

December

31,

2016

are as follows:

	December 31,

2017		231
2018		148
2019		90
2020		47
2021		19
Total minimum lease payments		549
Less: amount representing interest		(14	)
Present value of minimum lease payments		535
Less: current portion		(222	)
Long-term portion		313

Interest paid under capital lease obligations was

€18

thousand,

€24

thousand and

€27

thousand, for the years ended

December

31,

2016,

2015

and

2014,

respectively.

Operating leases

As of

December

31,

2016,

operating leases having initial or remaining non-cancelable lease terms greater than

one

year consist of

one

lease for the facilities of TMS S.A. in Vaulx-en-Velin, France, several leases for facilities in Japan and

one

lease for the facilities in United States. The French lease contract signed on

July

2015

has a lease term of

ten

years expiring on

June

30,

2025,

including

nine

firm years.

Future minimum lease payments for these operating leases consist of the following amounts:

	France		Japan		USA

2017		321		303		47
2018		321		116		48
2019		321		21		48
2020		321		21		50
2021		321		16		-
2022		321				-
2023		321		-		-
2024		321		-		-
2025		152		-		-
Total		2,720		477		193

Total rent expenses under operating leases amounted to

€841

thousand,

€772

thousand and

€742

thousand, for the years ended

December

31,

2016,

2015

and

2014,

respectively. These total rent expenses include the above-mentioned operating leases, but also lease expenses related to subsidiaries office rentals, office equipment and car rentals.