NOTE 7 - OPERATING LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2019

Leases, Operating [Abstract]

OPERATING LEASE COMMITMENTS

We have commitments under non-cancelable operating leases and other agreements, primarily for factory and office space, with initial or remaining terms of one year or more as follows:

For the years ending December 31:

	Operating Lease Commitments
(in thousands)
2020	$	755
2021		681
2022		308
2023		89
2024		82
Thereafter		141
Total	$	2,056
Less Imputed interest		(200	)
Total operating lease liabilities	$	1,856

Cash paid for operating lease liabilities for the twelve months ended December 31, 2019 was $757,000. There were no new or modified leases during the twelve months ended December 31, 2019.

The following table presents supplemental balance sheet information related to leases as of December 31, 2019:

	Balance at December 31, 2019
(in thousands)
Right-of-use assets (Long-term other assets)	$	1,574
Lease liability-short term (Other accrued liabilities)		678
Lease liability-long term (Long-term other payables)		1,178

At December 31, 2019, the weighted average remaining lease term is 3.39 years and the weighted average discount rate used is 5%.

The components of our lease expense for the twelve months ended December 31, 2019 include operating lease costs of $685,000, which includes short-term lease costs of $32,000.

Our real estate facility leases are described below:

During the third quarter of 2017, we amended our lease agreement for the Redmond, Washington headquarters facility, extending the lease to July 31, 2022, waiving a potential space give back provision and receiving lease inducement incentives. Previously on June 8, 2015 the lease had been amended to relocate our headquarters to a nearby building and lower the square footage to approximately 20,460. The lease base annual rental payments during 2019 and 2018 were approximately $351,000 and $341,000, respectively.

In addition to the Redmond facility, approximately 24,000 square feet is leased at two foreign locations, including our sales, service, operations and engineering office located in Shanghai, China, and our German sales, service and engineering office located near Munich, Germany.

We signed a lease agreement effective November 1, 2015 that extends through October 31, 2021 for a facility located in Shanghai, China. This lease is for approximately 19,400 square feet. The lease base annual rental payments during 2019 and 2018 were approximately $305,000 and $288,000, respectively.

During the fourth quarter of 2016, we signed a lease agreement for a new facility located near Munich, Germany which was effective March 1, 2017 and extends through February 28, 2022. This lease is for approximately 4,895 square feet. The lease base annual rental payments during 2019 and 2018 were approximately $57,000 and $67,000, respectively.