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Note 7 - Leases

12 Months Ended

Dec. 31, 2022

Lessee, Operating and Finance Leases [Text Block]

Note 7 – Leases

The Company is currently a lessee under a number of operating leases and two finance leases for certain offices, manufacturing facilities, land, office equipment and automobiles, none of which are material to its operations. The Company’s leases generally have remaining lease terms of 1 year to 5 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within one year. These leases do not have significant rent escalation holidays, concessions, leasehold improvement incentives, or other build-out clauses. Further, the leases do not contain contingent rent provisions.

Supplemental information related to leases and the Company’s Consolidated Financial Statements is as follows:

	2022		2021
Components of lease costs:
Operating lease costs	$	621	$	450
Short-term lease costs		673		322
Finance lease costs		135		140
Total lease costs	$	1,429	$	912

	December 31, 2022			December 31, 2021
Weighted average remaining lease term (years):
Operating leases		2.4			1.8
Finance leases		1.3			2.3
Weighted average discount rate:
Operating leases		3.25	%		3.25	%
Finance leases		3.25	%		3.25	%

	December 31, 2022
	Operating Leases		Financing Leases		Total Leases
Other assets - right-of-use assets	$	2,010	$	170	$	2,180
Lease liabilities included in:
Accrued expenses - current portion of lease liabilities	$	980	$	130	$	1,110
Other long-term liabilities - non-current portion of lease liabilities		1,020		50		1,070
Total lease liabilities	$	2,000	$	180	$	2,180

	December 31, 2021
	Operating Leases		Financing Leases		Total Leases

Other assets - right-of-use assets	$	840	$	300	$	1,140
Lease liabilities included in:
Accrued expenses - current portion of lease liabilities	$	450	$	130	$	580
Other long-term liabilities - non-current portion of lease liabilities		380		180		560
Total lease liabilities	$	830	$	310	$	1,140

Maturities of lease liabilities are as follows:

	December 31, 2022
2023	$	1,217
2024		792
2025		286
2026		42
2027		3
Thereafter		8
Total lease payments		2,348
Less: Interest		(168	)
Present value of lease liabilities	$	2,180

	December 31, 2021
2022	$	607
2023		422
2024		123
2025		25
2026		1
Thereafter		9
Total lease payments		1,187
Less: Interest		(47	)
Present value of lease liabilities	$	1,140