2. LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Operating lease right to use

The following tables present information about our operating leases:

	March 31, 2020		December 31, 2019
Assets:	(In thousands)
Right-of-use assets	$	4,039	$	4,334
Liabilities:
Current lease liabilities		1,196		1,181
Non-current lease liabilities		2,875		3,180
Total lease liabilities	$	4,071	$	4,361

Components of lease expense

The components of our lease expense were as follows:

	Three Months Ended
	March 31,
	2020		2019
	(In thousands)
Operating lease expense included in Cost of sales	$	308	$	306
Operating lease expense included in SG&A		60		73
Short term lease expense		34		65
Total lease expense	$	402	$	444

Lease term and discount rate:

	March 31, 2020			December 31, 2019
Weighted-average remaining lease terms on operating leases (yrs.)		3.12			3.28
Weighted-average discount rates on operating leases		5.374	%		5.374	%

Future minimum lease payments

Present value of lease liabilities:

Twelve months ending March 31,	Operating Leases
		(In thousands)
2021	$	1,381
2022		1,395
2023		1,411
2024		236
Thereafter		–
Total lease payments		4,423
Less: Interest		(352	)
Present value of lease liabilities	$	4,071