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Note 9 - Operating Leases
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]
Note
9
– Operating Leases
 
The Company has operating leases predominantly for operating facilities. As of
December 31, 2019,
the remaining lease terms on our operating leases range from less than
one
year to approximately
5
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. In
July 2019,
the Company entered into a
five
-year agreement to extend the operating lease term of its Shenzhen facility.
 
The components of lease expense for the current and prior-year comparative periods were as follows:
 
   
Year ended 
December 31
 
   
2019
   
2018
 
Operating lease cost
  $
628
    $
590
 
Variable lease cost
   
84
     
89
 
Total lease cost
  $
712
    $
679
 
 
Supplemental cash flow information related to leases was as follows:
 
   
Year ended December 31
 
   
2019
   
2018
 
Cash paid for amounts included in the measurement of lease liabilities:
               
Operating cash flows from operating leases
  $
611
    $
592
 
Right-of-use assets obtained in exchange for lease liabilities:
  $
1,586
    $
-
 
 
Supplemental balance sheet information related to leases was as follows:
 
     
December 31
 
 
Balance Sheet Classification
 
2019
   
2018
 
Assets:
                 
Operating lease right-of-use asset
Other noncurrent assets
  $
1,866
    $
805
 
                   
Liabilities:
                 
Current operating lease liability
Accrued expenses and other current liabilities
  $
620
    $
439
 
Operating lease liability, net of current portion
Other noncurrent liabilities
   
1,247
     
376
 
Total operating lease liability
 
  $
1,867
    $
815
 
                   
Weighted-average remaining lease term (years)
 
   
3.7
     
2.1
 
                   
Weighted-average discount rate
 
   
4.5
%    
4.5
%
 
 
Future minimum lease payments as of
December 31, 2019
are as follows:
 
Maturity of Operating Lease Liabilities
 
 
 
 
2020
   
685
 
2021
   
470
 
2022
   
355
 
2023
   
364
 
2024
   
182
 
Thereafter
   
0
 
Total lease payments
   
2,056
 
Less: Imputed interest
   
(189
)
Present value of remaining lease payments
  $
1,867