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Note 9 - Operating Leases | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 9. OPERATING LEASES The Company has operating leases predominantly for operating facilities. As of June 30, 2019, the remaining lease terms on our operating leases range from less than one year to approximately 3 years. Renewal options to extend our leases have been exercised. Termination options are not reasonably certain of exercise by the Company. There is no transfer of title or option to purchase the leased assets upon expiration. There are no residual value guarantees or material restrictive covenants. The components of lease expense for the current and prior-year comparative periods were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
Operating lease cost |  | $ | 145 |  |  | $ | 150 |  |  | $ | 290 |  |  | $ | 301 |
Variable lease cost |  |  | 21 |  |  |  | 29 |  |  |  | 42 |  |  |  | 47 |
Total lease cost |  | $ | 166 |  |  | $ | 179 |  |  | $ | 332 |  |  | $ | 348 |
Supplemental cash flow information related to leases was as follows:
|  | Six Months Ended |
|  | June 30, 2019 |  |  | July 1, 2018 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 283 |  |  | $ | 308 |
Right-of-use assets obtained in exchange for lease liabilities: |  | $ | 131 |  |  | $ | - |
Supplemental balance sheet information related to leases was as follows:
| Balance Sheet Classification |  | June 30, 2019 |  |  | December 31, 2018 |
Assets: |  |  |  |  |  |  |  |  |
Operating lease right-of-use asset | Other noncurrent assets |  | $ | 720 |  |  | $ | 805 |
Liabilities: |  |  |  |  |  |  |  |  |
Current operating lease liability | Accrued expenses and other current liabilities |  | $ | 374 |  |  | $ | 439 |
Operating lease liability, net of current portion | Other noncurrent liabilities |  |  | 344 |  |  |  | 376 |
Total operating lease liability |  | $ | 718 |  |  | $ | 815 |
Weighted-average remaining lease term (years) |  |  | 2.1 |  |  |  | 2.1 |
Weighted-average discount rate |  |  | 4.5 | % |  |  | 4.5 | %
Future minimum lease payments as of June 30, 2019 are as follows:
Maturity of Operating Lease Liabilities |  |  |  |
2019 |  | $ | 191 |
2020 |  |  | 389 |
2021 |  |  | 160 |
2022 |  |  | 18 |
2023 |  |  | - |
Thereafter |  |  | - |
Total lease payments |  |  | 758 |
Less: Imputed interest |  |  | (40 | )
Present value of remaining lease payments |  | $ | 718 |
In July 2019, the Company entered into an agreement effective July 8, 2019 to extend the operating lease term of its Shenzhen facility. Future minimum lease payments of approximately $1,650 are required to be made over the five -year term of the lease. There is no contractual renewal option. There is no transfer of title or option to purchase the facility upon expiration. There are no residual value guarantees or material restrictive covenants.

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- 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
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