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Note 8 - Leases | 6 Months Ended
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Jun. 30, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 8 – Leases: We have various noncancelable lease agreements for office and warehouse space, as well as office equipment, with original remaining lease terms of two years to four years, some of which include an option to extend the lease term for up to four years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term and associated potential option payments are excluded from lease payments. The Company’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants. Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:
Weighted-average remaining lease term |  |  | 3.32 |
Weighted-average discount rate |  |  | 6.17 | %
As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date to determine the present value of lease payments. Maturities of lease liabilities under noncancelable operating leases as of June 30, 2023 were as follows:
Operating Lease Obligations |  | As of June 30, 2023 |
2023 (a) |  | $ | 905 |
2024 |  |  | 1,511 |
2025 |  |  | 1,210 |
2026 |  |  | 1,239 |
2027 and beyond |  |  | 337 |
Total lease payments |  | $ | 5,202 |
Less: Imputed interest |  |  | (529 | )
Present value of lease liabilities |  | $ | 4,673 |
| (a) | Excluding the six months ended June 30, 2023.
A summary of rent expense for the three and six months ended June 30, 2023 and 2022 was as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 438 |  |  | $ | 438 |  |  | $ | 876 |  |  | $ | 876 |
Supplemental cash flow information and non-cash activity relating to operating leases are as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
Operating cash flow information: |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 452 |  |  | $ | 442 |  |  | $ | 897 |  |  | $ | 878 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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