OPERATING LEASES

The Company has operating leases predominantly for operating facilities. As of

March 31, 2020,

the remaining lease terms on our operating leases range from approximately

years. Renewal options to extend our leases have been exercised. Termination options are

not

reasonably certain of exercise by the Company. There is

transfer of title or option to purchase the leased assets upon expiration. There are

residual value guarantees or material restrictive covenants. In

July 2019,

the Company entered into a

five

-year agreement to extend the operating lease term of its Shenzhen facility.

The components of lease expense for the current and prior-year comparative periods were as follows:

	Three -m onth period e nded March 31,
	2020		201 9
Operating lease cost	$	168	$	145
Variable lease cost		18		21
Total lease cost	$	186	$	166

Supplemental cash flow information related to leases was as follows:

	Three -m onth period e nded March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	164	$	150
Right-of-use assets obtained in exchange for lease liabilities:	$	-	$	131

Supplemental balance sheet information related to leases was as follows:

	Balance s heet c lassification	March 31, 20 20			December 31, 201 9
Assets:
Operating lease right-of-use asset	Other noncurrent assets	$	1,685		$	1,866

Liabilities:
Current operating lease liability	Accrued expenses and other current liabilities	$	621		$	620
Operating lease liability, net of current portion	Other noncurrent liabilities		1,072			1,247
Total operating lease liability		$	1,693		$	1,867

Weighted-average remaining lease term (years)			3.5			3.7

Weighted-average discount rate			4.5	%		4.5	%

Future minimum lease payments as of

March 31, 2020

are as follows:

Maturity of Operating Lease Liabilities
2020		512
2021		461
2022		348
2023		358
2024		179
Total lease payments		1,858
Less: Imputed interest		(165	)
Present value of remaining lease payments	$	1,693