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Leases
12 Months Ended
Dec. 31, 2019
Leases  
Leases

6. Leases

 

Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. 

Rent expense for the years ended December 31, 2019 and 2018 was as follows: 




Year ended


December 31,


2019

2018
Rent expense 
$ 804
$ 1,053


We occupied a 5,000 square-foot facility in Gainesville, Florida under the terms of an operating lease that was terminated in January 2020. The Gainesville facility was used primarily to support our research and development activities. During January 2020 we entered into an operating lease for a 1,350 square-foot facility in Gainesville, Florida expiring in February 2023.

 

We currently occupy a 21,443 square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in March 2024, with an option to extend for additional five years. The facility supports our principal administrative, sales, marketing, customer support, and research and product development activities. 

 

We occupy a 950 square-foot facility in Austin, Texas - under the terms of an operating lease expiring in October 2022. This facility supports our sales, marketing, customer support, and research and development activities.

 

We occupy a 3,068 square-foot facility in Zaragoza, Spain under the terms of an operating lease expiring in March 2020.  This office supports our research and development and customer support activities

 

We occupy a 6,175 square-foot facility in Chennai, India - under the terms of an operating lease expiring in August 2021. This facility supports our administrative, marketing, customer support, and research and product development activities.

 

We occupy a 40,000 square-foot warehouse in Salt Lake City, Utah under the terms of an operating lease expiring in April 2025, which serves as our primary inventory fulfillment and repair center.  


Supplemental cash flow information related to leases was as follows:


   

Year ended

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

       

Operating cash flows from operating leases

  $ 708  

Right-of-use assets obtained in exchange for lease obligations:

       

Operating leases

  $ 51  


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except share and per share amounts)

 

Supplemental balance sheet information related to leases was as follows:    



 

December 31, 2019

 

Operating lease right-of-use assets

  $ 2,459  
         

Current portion of operating lease liabilities, included in accrued liabilities

  $ 577  

Operating lease liabilities, net of current portion

    2,021  

Total operating lease liabilities

    2,598  
         

Weighted average remaining lease term for operating leases (in years)

    4.43  

Weighted average discount rate for operating leases

    6.1

%


 

The following represents maturities of operating lease liabilities as of December 31, 2019:


Years ending December 31,

       

2020

  $ 720  

2021

    665  

2022

    612  

2023

    606  

2024

    306  

Thereafter

    69  

Total lease payments

    2,978  

Less: Imputed interest

    (380)

Total

  $ 2,598