Note 10 - Leases

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Leases Disclosure [Text Block]

(10) Leases

We lease printing, computer, other equipment and office space in the United States and Canada. The leases remaining terms as of December 31, 2022 range from less than one year to 3.93 years.

Certain equipment and office lease agreements include provisions for periodic adjustments to rates and charges. The rates and charges are adjusted based on actual usage or actual costs for internet, common area maintenance, taxes or insurance, as determined by the lessor and are considered variable lease costs.

The components of lease expense for the years ended December 31, 2022, 2021 and 2020 included (in thousands):

	2022			2021			2020
Operating leases	$	527		$	669		$	600
Finance leases:
Asset amortization		462			489			355
Interest on lease liabilities		19			34			37
Variable lease cost		95			99			62
Short-term lease cost		87			59			42
Sublease income		(123	)		(81	)		—
Total net lease cost	$	1,067		$	1,269		$	1,096

In 2020, we adjusted the useful life of the operating right of use assets associated with our Atlanta, Georgia and Markham, Ontario office leases based on the expectation that we will vacate the office space before the end of the lease term.

Supplemental balance sheet information related to leases (in thousands):

	December 31, 2022		December 31, 2021
Operating leases:
Operating ROU assets	$	556	$	975
Current operating lease liabilities		522		493
Noncurrent operating lease liabilities		333		820
Total operating lease liabilities	$	855	$	1,313

	December 31, 2022			December 31, 2021
Finance leases:
Furniture and equipment	$	1,042		$	1,042
Computer Equipment		659			659
Computer Software		207			207
Property and equipment under finance lease, gross		1,908			1,908
Less accumulated amortization		1,537			1,074
Property and equipment under finance lease, net	$	371		$	834
Current obligations of finance leases	$	311		$	470
Noncurrent obligations of finance leases		39			348
Total finance lease liabilities	$	350		$	818
Weighted average remaining lease term (in years):
Operating leases		1.95			2.80
Finance leases		1.15			1.93
Weighted average discount rate:
Operating leases		3.97	%		3.85	%
Finance leases		3.54	%		3.42	%

Supplemental cash flow and other information related to leases were as follows (in thousands):

	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	563	$	680	$	596
Operating cash flows from finance leases		18		34		36
Financing cash flows from finance leases		469		493		332
ROU assets obtained in exchange for operating lease liabilities		83		560		276
ROU assets obtained in exchange for finance lease liabilities		—		40		817

Undiscounted payments under non-cancelable finance and operating leases at December 31, 2022 were as follows (in thousands):

	Finance Leases		Operating Leases
2023	$	315	$	547
2024		23		227
2025		11		118
2026		10		—
2027		—		—
Thereafter		—		—
Total minimum lease payments		359		892
Less: Amount representing interest		9		37
Present value of minimum lease payments		350		855
Less: Current portion		311		522
Lease obligations, net of current portion	$	39	$	333

Undiscounted cash receipts due under the sublease agreement at December 31, 2022 are as follows (in thousands):

	Operating Lease
2023	$	122
2024		127
2025		65
Total minimum lease receipts	$	314