Note 9 - Operating Leases

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 9 – Operating Leases

The Company has operating leases predominantly for operating facilities. As of December 31, 2020, the remaining lease terms on our operating leases range from approximately one year to less than four years. Renewal options not yet exercised and termination options are not reasonably certain of exercise by the Company. There is no transfer of title or option to purchase the leased assets upon expiration. There are no residual value guarantees or material restrictive covenants.

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

	Year ended December 31,
	2020		2019
Operating lease cost	$	703	$	628
Variable lease cost		75		84
Total lease cost	$	778	$	712

Supplemental cash flow information related to leases was as follows:

	Year ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	688	$	611
Right-of-use assets obtained in exchange for lease liabilities:	$	875	$	1,586

Supplemental balance sheet information related to leases was as follows:

		December 31,
	Balance Sheet Classification	2020			2019
Assets:
Operating lease right-of-use asset	Other noncurrent assets	$	2,189		$	1,866
Liabilities:
Current operating lease liability	Accrued expenses and other current liabilities	$	680		$	620
Operating lease liability, net of current portion	Other noncurrent liabilities		1,524			1,247
Total operating lease liability		$	2,204		$	1,867
Weighted-average remaining lease term (years)			3.3			3.7
Weighted-average discount rate			4.5	%		4.5	%

Future minimum lease payments as of December 31, 2020 are as follows:

Maturity of Operating Lease Liabilities
2021	$	724
2022		693
2023		713
2024		275
Thereafter		-
Total lease payments	$	2,405
Less: Imputed interest		(201	)
Present value of remaining lease payments	$	2,204