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Note 4 - Leases

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE

4:

    L

eases

The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between

2020

and

2034.

Many leases include

one

or more options to renew. The Company does

not

assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. The Company has an option to extend the lease of

one

of its principal office space until

2028,

which is reasonably certain to be assured. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will

not

be terminated early.

Under Topic

842,

all leases with durations greater than

12

months, including non-cancelable operating leases, are now recognized on the balance sheet. The aggregated present value of lease agreements are recorded as a long-term asset titled ROU assets. The corresponding lease liabilities are split between operating lease liabilities within current liabilities and operating lease liabilities within long-term liabilities.

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases:

		June 30, 2019 (Unaudited)
weighted average remaining lease term (years)			8.25
weighted average discount rates			3.79	%

Total operating lease cost during the

three

and

six

months ended

June 30, 2019

was

$407

and

$818,

respectively. Cash paid for amounts included in the measurement of operating lease liabilities was

$396

and

$959

during the

three

and

six

months ended

June 30, 2019,

respectively.

Maturities of lease liabilities are as follows:

The remainder of 2019		$	945
2020			1,778
2021			1,405
2022			1,203
2023			1,124
2024 and thereafter			4,550
Total undiscounted cash flows			11,005
Less imputed interest			1,560
Present value of lease liabilities		$	9,445

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- References

No definition available.

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

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