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Note 18 - Leases
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

18. Leases

 

We have operating leases for property and equipment. Lease terms range from two years to 10 years.

 

Changes in our operating lease ROU assets carrying amounts were as follows:

 

  

December 31,

 
  

2022

  

2021

 

Balance as of beginning of period

 $2,955  $1,403 

Lease expense

  (1,701)  (494)

Foreign exchange differences

  115   (48)

Additions

  7,171   2,119 

Disposals

  (322)   

Transfers

  (47)  (25)

Balance as of end of period

 $8,171  $2,955 

 

Changes in our operating lease liabilities carrying amounts were as follows:

 

  

December 31,

 
  

2022

  

2021

 

Balance as of beginning of period

 $3,068  $1,415 

Additions to operating lease liabilities

  7,171   2,119 

Lease expense

  314   54 

Foreign exchange differences

  (293)  (48)

Disposals

  (329)   

Payments

  (1,692)  (472)

Balance as of end of period

 $8,239  $3,068 
         

Total current

 $2,176  $985 

Total non-current

  6,063   2,083 

 

We recognized in the Consolidated Statements of Operations and Comprehensive Loss the following expenses related to our operating leases for the years ended December 31, 2022, 2021 and 2020:

 

  

Year Ended December 31,

 
  

2022

  

2021

  

2020

 

Right-of-use assets

 $1,701  $494  $247 

Operating lease liabilities

  314   54   51 

Total lease expense

 $2,015  $548  $298 

 

 

The amounts of future undiscounted cash flows related to the lease payments over the lease term and the reconciliation to the present value of the operating lease liabilities at December 31, 2022 is as follows:

 

  

Operating leases

 

Years Ended

    

2023

 $2,484 

2024

  2,235 

2025

  824 

2026

  603 

2027 and thereafter

  3,166 

Total remaining lease payments

  9,312 

Less imputed interest

  (1,073)

Present value of lease liability

 $8,239 
     

Total current

 $2,176 

Total non-current

 $6,063 

 

The weighted-average remaining years for the operating leases are 5.66. The weighted-average discount rate for operating leases is 4.6%.