XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 10 - Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
(10) | LEASES
As previously discussed in Note 2, we account for our leases in accordance with the guidance in ASC Topic 842. We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases that expire at various dates through 2031. Total operating lease and short-term lease costs for the years ended December 31, 2022 and 2021, respectively, were as follows:
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |
Operating lease cost |  | $ | 1,340 |  |  | $ | 1,191 |
Short-term lease cost |  | $ | 81 |  |  | $ | 82 |
The following is additional information about our leases at December 31, 2022:
Range of remaining lease terms (in years) | 0.3 | to | 8.3
Weighted average remaining lease term (in years) |  | 5.0 |
Weighted average discount rate |  | 4.4% |
Maturities of lease liabilities at December 31, 2022 were as follows:
2023 |  | $ | 1,885 |
2024 |  |  | 1,834 |
2025 |  |  | 983 |
2026 |  |  | 691 |
2027 |  |  | 696 |
Thereafter |  |  | 944 |
Total lease payments |  | $ | 7,033 |
Less imputed interest |  |  | (683 | )
Total |  | $ | 6,350 |
Cash Flow Information Total amortization of ROU assets for the years ended December 31, 2022 and 2021 was $1,241 and $1,039, respectively. Lease Modifications and Additions Supplemental cash flow information related to leases for the years ended December 31, 2022 and 2021 was as follows: Year ended December 31, 2022 Non-cash increases in operating lease liabilities and ROU assets as a result of acquisitions and the execution of new leases:
|  | Operating Lease Liabilities |  |  | ROU Assets |
Extension of facility lease – Singapore |  | $ | 51 |  |  | $ | 51 |
Addition to automobile leases – Videology |  | $ | 42 |  |  | $ | 42 |
Addition to facility leases – Acculogic |  | $ | 942 |  |  | $ | 942 |
Addition to facility leases – Acculogic |  | $ | 127 |  |  | $ | 127 |
During the first quarter of 2022, we executed an amendment to the lease for our facility in Singapore which extended the term for a period of 24 months commencing on April 1, 2022 and expiring on March 31, 2024. At the effective date of this modification, we recorded a non-cash increase in our ROU assets and operating lease liabilities of approximately $51. During the third quarter of 2022, we executed a 48-month lease for an automobile for our Videology operation in Europe. At the effective date of this lease, we recorded a non-cash increase in our ROU assets and operating lease liabilities of approximately $42. During the fourth quarter of 2022, we executed a 62-month lease for a new facility for our Acculogic operation in Canada and a 37-month lease for a new facility for our Acculogic operation in California. At the effective date of these leases, we recorded non-cash increases in our ROU assets and operating lease liabilities of approximately $942 and $127, respectively. Year ended December 31, 2021 Non-cash increases in operating lease liabilities and ROU assets as a result of acquisitions and the execution of new leases:
|  | Operating Lease Liabilities |  |  | ROU Assets |
Addition to facility leases – Fremont, CA |  | $ | 202 |  |  | $ | 202 |
Addition to facility leases – Videology |  | $ | 252 |  |  | $ | 252 |
Addition to automobile leases – Videology |  | $ | 54 |  |  | $ | 54 |
Addition to facility leases – Acquisition of Acculogic |  | $ | 78 |  |  | $ | 76 |
During the third quarter of 2021, we executed a lease for office space for the engineering and sales staff located in Fremont, California. This lease has a 38.5 month term. At the effective date of this lease, we recorded an increase in our ROU assets and operating lease liabilities of approximately $202. On October 27, 2021, we acquired Videology as discussed further in Note 3. In November 2021, we executed a new lease for a facility for Videology’s operations in the Netherlands. This lease has a 37 month term. At the effective date of this lease, we recorded an increase in our operating lease liabilities and ROU assets of approximately $252. In addition, in December 2021, we executed a 48 month lease for an automobile for this same operation. At the effective date of this lease, we recorded an increase in our operating lease liabilities and ROU assets of approximately $54. On December 21, 2021, we acquired Acculogic as discussed further in Note 3. As a result of this acquisition, we recorded an increase in our lease liabilities and ROU assets of $78 and $76, respectively, related to a facility lease we acquired as a part of this transaction.

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 https://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