Note 7 - Leases

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

7. LEASES

The following presents the various components of lease costs.

	Three Months Ended March 31,
	2023		2022
Operating lease cost	$	510	$	334
Short-term lease cost		—		—
Total lease cost	$	510	$	334

The following table presents supplemental information relating to the cash flows arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of operating lease liabilities, and as such, are excluded from the amounts below.

	Three Months Ended March 31,
	2023		2022
Operating cash outflows from operating leases	$	510	$	334

The following table presents the weighted-average lease term and discount rate for operating leases. 

	Three Months Ended March 31,
	2023			2022
Operating leases
Weighted-average remaining lease term	3.73 yrs.			4.29 yrs.
Weighted-average discount rate		4.00	%		4.00	%

The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five years and thereafter.

Years ending December 31,	Operating leases
2023	$	1,229
2024		1,407
2025		1,228
2026		1,038
2027		594
Thereafter		544
Imputed Interest (1)		(420	)
Total	$	5,620

⁽¹⁾ Imputed interest represents the difference between undiscounted cash flows and cash flows.