NOTE 12 – LEASES

We were a party to an operating lease that expired under the contract terms in October 2019. Leases that are economically similar to the purchase of an asset are classified as finance leases. The leased, or right-of-use assets in finance lease arrangements are reported in net property, plant and equipment on our condensed consolidated balance sheet. The following table lists our right-of-use assets and liabilities on our condensed consolidated balance at:


	December 31,
Finance lease:	2019
Property, plant and equipment	$	54,376
Accumulated depreciation		32,626
Net property, plant and equipment	$	21,750
Current portion of long-term debt	$	11,617
Long-term debt	$	13,662
Total finance lease liabilities	$	25,279

Future payments for our finance lease follows by fiscal year: 2020: $3,300, 2021: $13,200 and 2022: $11,000. The amount representing finance lease interest is $2,221. Other supplemental information regarding our leases are contained in the following tables:


	December 31,
Components of lease expense for the period ended:	2019
Operating lease amortization	$	1,756
Operating lease interest	$	83
Finance lease amortization	$	8,132
Finance lease interest	$	1,768


	December 31,
Weighted average lease term and discount rate at:	2019
Lease term (years)	2.08
Lease rate	8	%


	December 31,
Supplemental cash flow information related to leases for the period ended:	2019
Cash used in operating activities	$	1,768
Cash used in financing activities	$	8,132