XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.22.1

Note 6 - Leasing Arrangements | 12 Months Ended
--- | ---
Dec. 31, 2021
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 6 - Leasing Arrangements We have operating leases for our office and integration facilities as well as for certain equipment and vehicles. Our leases have remaining lease terms of 1 to 7 years. As of December 31, 2021, we have not entered into any lease arrangement classified as a finance lease. We determine if an arrangement is a lease at inception. Operating leases are included in lease right-of-use assets, current lease liabilities and lease liabilities, non-current, on our consolidated balance sheets. We have elected an accounting policy to not recognize short-term leases (one year or less) on the balance sheet. We also elected the package of practical expedients which applies to leases that commenced before the adoption date. By electing the package of practical expedients, we did not need to reassess whether any existing contracts are or contain leases, the lease classification for any existing leases and initial direct costs for any existing leases.
|  | Years ended December 31, |
|  | 2021 |  |  | 2020 |
Lease expense |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 830 |  |  | $ | 804 |
Variable lease cost |  |  | - |  |  |  | - |
Sublease income |  |  | (45 | ) |  |  | (45 | )
Total operating lease cost |  | $ | 785 |  |  | $ | 759 |
Operating Lease – operating cash flows |  | $ | (754 | ) |  | $ | (645 | )
New right-of-use assets – operating leases |  |  | 5,364 |  |  |  | - |
Weighted average remaining lease term – Operating leases (in months) |  |  | 81 |  |  |  | 14 |
Weighted average discount rate – Operating leases |  |  | 5.0 | % |  |  | 12.0 | %
Right-of-use assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. When the implicit rate of the lease is not provided or cannot be determined, we use our incremental borrowing rate based on the information available at the commencement date to determine the present value of future payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise those options. Lease expense for minimum lease payments is recognized on a straight- line basis over the lease term. Components of lease expense and other information is as follows: Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows (in ‘000’s):
|  | December 31, |
2022 |  | $ | 844 |
2023 |  |  | 862 |
2024 |  |  | 881 |
2025 |  |  | 907 |
2026 |  |  | 934 |
Thereafter |  |  | 2,203 |
Total minimum future lease payments |  |  | 6,631 |
Less imputed interest |  |  | (1,049 | )
Total |  | $ | 5,582 |
Reported as of December 31, 2021 |  |  |  |
Current lease liability |  | $ | 644 |
Lease liability – non-current |  |  | 4,938 |
|  | $ | 5,582 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration