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Note 11 - Commitments and Contingencies - Future Minimum Lease Payments Under Operating Leases (Details)
$ in Thousands
Jun. 30, 2021
USD ($)
Remaining for 2021 $ 611
2022 773
2023 631
2024 588
2025 479
Thereafter 0
Total lease payments(1) 3,082 [1]
Less: Interest(2) 196 [2]
Operating Lease, Liability, Total $ 2,886 [3]
[1] Lease payments include options to extend lease terms that are reasonably certain of being exercised.
[2] Our leases do not provide a readily determinable implicit rate. Therefore, we utilized our incremental borrowing rate for such leases to determine the present value of lease payments at the lease commencement date. There were no legally binding minimum lease payments for leases signed but not yet commenced at June 30, 2021 and December 31, 2020.
[3] The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 4.0 years and 4.7%, respectively at June 30, 2021.