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Note 6 - Leases | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Lessee, Operating and Finance Leases [Text Block] | Note 6 – Leases The Company is currently a lessee under a number of operating leases and 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. The Company entered into 20 year lease agreement for a commercial and industrial building in Lenexa, Kansas to replace its existing building in 2023. 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:
|  | 2023 |  |  | 2022 |
Components of lease costs: |  |  |  |  |  |  |  |
Operating lease costs |  | $ | 1,829 |  |  | $ | 621 |
Short-term lease costs |  |  | 897 |  |  |  | 673 |
Finance lease costs |  |  | 131 |  |  |  | 135 |
Total lease costs |  | $ | 2,857 |  |  | $ | 1,429 |
|  | 2023 |  |  | 2022 |
Weighted average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  |  | 12.5 |  |  |  | 2.4 |
Finance leases |  |  | 3.4 |  |  |  | 1.3 |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 7.48 | % |  |  | 3.25 | %
Finance leases |  |  | 3.25 | % |  |  | 3.25 | %
|  | December 31, 2023 |
|  | Operating Leases |  |  | Financing Leases |  |  | Total Leases |
Other assets - right-of-use assets |  | $ | 20,126 |  |  | $ | 110 |  |  | $ | 20,236 |
Lease liabilities included in: |  |  |  |  |  |  |  |  |  |  |  |
Accrued expenses - current portion of lease liabilities |  | $ | 960 |  |  | $ | 60 |  |  | $ | 1,020 |
Other long-term liabiltiies - non-current portion of lease liabilities |  |  | 19,750 |  |  |  | 60 |  |  |  | 19,810 |
Total lease liabilities |  | $ | 20,710 |  |  | $ | 120 |  |  | $ | 20,830 |
|  | 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 liabiltiies - non-current portion of lease liabilities |  |  | 1,020 |  |  |  | 50 |  |  |  | 1,070 |
Total lease liabilities |  | $ | 2,000 |  |  | $ | 180 |  |  | $ | 2,180 |
Maturities of lease liabilities as of December 31, are as follows:
|  | 2023 |  |  |  |  |  | 2022 |
2024 |  | $ | 2,501 |  |  | 2023 |  |  | $ | 1,217 |
2025 |  |  | 2,261 |  |  | 2024 |  |  |  | 792 |
2026 |  |  | 2,969 |  |  | 2025 |  |  |  | 286 |
2027 |  |  | 1,691 |  |  | 2026 |  |  |  | 42 |
2028 |  |  | 1,639 |  |  | 2027 |  |  |  | 3 |
Thereafter |  |  | 29,491 |  |  | Thereafter |  |  |  | 8 |
Total lease payments |  |  | 40,552 |  |  | Total lease payments |  |  |  | 2,348 |
Less: Interest |  |  | (19,722 | ) |  | Less: Interest |  |  |  | (168 | )
Present value of lease liabilities |  | $ | 20,830 |  |  | Present value of lease liabilities |  |  | $ | 2,180 |

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- Definition The entire disclosure for operating and finance leases of lessee. Includes, but is not limited to, description of operating and finance leases and maturity analysis of operating and finance lease liability. + References No definition available. + Details
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