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Note 7 - Operating Leases

6 Months Ended

Jun. 30, 2021

7.	*OPERATING LEASES*

The Company has operating leases predominantly for operating facilities. As of June 30, 2021, the remaining lease terms on our operating leases range from less than one (1) year to three (3) years. Renewal options not yet exercised and 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, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Operating lease cost	$	189	$	168	$	376	$	336
Variable lease cost		13		18		32		36
Total lease cost	$	202	$	186	$	408	$	372

Supplemental cash flow information related to leases was as follows:

	Six months ended
	June 30, 2021		June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	365	$	329
Right-of-use assets obtained in exchange for lease liabilities:	$	-	$	-

Supplemental balance sheet information related to leases was as follows:

	Balance Sheet Classification	June 30, 2021			December 31, 2020
Assets:
Operating lease right-of-use asset	Other noncurrent assets	$	1,881		$	2,189

Liabilities:
Current operating lease liability	Accrued expenses and other current liabilities	$	663		$	680
Operating lease liability, net of current portion	Other noncurrent liabilities		1,243			1,524
Total operating lease liability		$	1,906		$	2,204

Weighted-average remaining lease term (years)			2.9			3.3

Weighted-average discount rate			4.5	%		4.5	%

Future minimum lease payments as of June 30, 2021 are as follows:

Maturity of Operating Lease Liabilities
2021		363
2022		700
2023		720
2024		279
Total lease payments		2,062
Less: Imputed interest		156
Present value of remaining lease payments	$	1,906