Note 9 - Leases

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

The operating ROU asset and operating lease liabilities as of December 31, 2021 and December 31, 2020 are as follows:

	December 31,		December 31,
($ in thousands)	2021		2020		Financial Statement Line Item
Assets:
Operating ROU Assets	$	11,428	$	1,572	Leased assets
Liabilities:
Current
Operating	$	2,985	$	629	Other accrued expenses
Noncurrent
Operating		8,809		944	Long-term lease
Total leased liabilities	$	11,794	$	1,573

Maturity of our operating lease liabilities are as follows:

	Operating
($ in thousands)	Leases
2022	$	3,162
2023		2,564
2024		2,386
2025		2,302
2026		1,828
Total lease payments		12,242
Less: Interest		448
Present value of lease liabilities	$	11,794

For the twelve months ended December 31, 2021 and December 31, 2020 the weighted average remaining lease term and discount rate were as follows:

	December 31,	December 31,
	2021	2020
Weighted-average remaining lease term (years)
Operating leases	2.8	2..0
Weighted-average discount rate
Operating leases	1.7%	3.7%

For the twelve months ended December 31, 2021 and December 31, 2020 the supplemental cash flow information is as follows:

	December 31,		December 31,
($ in thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,230	$	711
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	13,186	$	481

The breakdown of rent expense for our operating leases for the twelve months ended December 31, 2021 and December 31, 2020 are as follows:

	Twelve Months Ended
	December 31,		December 31,
($ in thousands)	2021		2020		Financial Statement Line Item
Operating lease expenses - Manufacturing & Sourcing (1)	$	813	$	678	Cost of goods sold
Operating lease expenses (1)		1,417		433	Operating expenses
Total lease expenses	$	2,230	$	1,111

⁽¹⁾ Includes short-term lease expenses of approximately $1,310,000 and $103,000 for the twelve months ended December 31, 2021 and  December 31, 2020, respectively.