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Note 7 - Commitments and Contingencies
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Legal Matters and Contingencies [Text Block]
 
7.
Commitments and Contingencies
 
Leases
 
We have noncancellable operating leases for offices and data centers expiring at various dates through
June 2022.
These operating leases are included in "Other long-term assets" on the Company's
March 31, 2019
Consolidated Balance Sheet and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make lease payments are included in "other current liabilities" and "Long-term lease obligation" on the Company's
March 31, 2019
Consolidated Balance Sheet. Based on the present value of the lease payments for the remaining lease term of the Company's existing leases, the Company recognized right-of-use assets and lease liabilities for operating leases of approximately
$1,258,000
on
January 1, 2019.
Operating lease right-of-use assets and liabilities commencing after
January 1, 2019
are recognized at commencement date based on the present value of lease payments over the lease term. As of
March 31, 2019,
total right-of-use assets and operating lease liabilities were approximately
$1,131,000.
Because the rate implicit in each lease is
not
readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. The weighted average discount rate used to determine our lease liabilities was
5.5%
as of
March 31, 2019.
The weight average remaining lease term as of
March 31, 2019
was
2
years.
 
Legal Matters
 
There are
no
pending or threatened legal proceedings. However, in the ordinary course of business, from time to time we
may
be involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. We accrue for unpaid legal fees for services performed to date.