Note 7 - Lease Termination Income

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Lease Termination Income [Text Block]

 

NOTE

7

— LEASE TERMINATION INCOME

On

May 2, 2017,

the Company entered into a building lease with the intent to relocate its corporate headquarters to a new facility in Fremont, California. On

July 6, 2017,

the Company agreed to terminate this lease in return for a lump sum receipt from the subsequent lessor of

$4.0

million. Simultaneously with the execution of the lease termination, the Company entered into an amendment to its existing lease agreement for the Company to maintain its corporate headquarters in its current facility in Brisbane, California. This amendment extends the term of the lease from

December 31, 2017

to

January 31, 2023.

The

$4.0

million is reported as “Lease termination income,” as a component of operating expenses, in the Company’s Consolidated Statements of Operations as of

December 31, 2017.