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Note 9 - Leases | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
(9) | 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 three and nine months ended September 30, 2023 and 2022 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 396 |  |  | $ | 330 |  |  | $ | 1,199 |  |  | $ | 973 |
Short-term lease cost |  | $ | 3 |  |  | $ | 7 |  |  | $ | 10 |  |  | $ | 51 |
The following is additional information about our leases as of September 30, 2023:
Range of remaining lease terms (in years) |  | 0.5 | to | 7.6 |
Weighted average remaining lease term (in years) |  |  | 4.5 |  |
Weighted average discount rate |  |  | 4.4% |  |
Maturities of lease liabilities as of September 30, 2023 were as follows:
2023 (remainder) |  | $ | 484 |
2024 |  |  | 1,898 |
2025 |  |  | 1,003 |
2026 |  |  | 704 |
2027 |  |  | 701 |
Thereafter |  |  | 944 |
Total lease payments |  | $ | 5,734 |
Less imputed interest |  |  | (503 | )
Total |  | $ | 5,231 |
Cash Flow Information Total amortization of ROU assets was $390 and $1,172 for the three months and nine months ended September 30, 2023, respectively, and $334 and $972 for the three months and nine months ended September 30, 2022, respectively. During the nine months ended September 30, 2023, we entered into a 25-month lease for a facility for our Environmental Technologies segment’s operation in Germany. At the effective date of this lease, we recorded a non-cash increase in our ROU assets and operating lease liabilities of approximately $90. During this same period, we entered into two auto leases, one with a 36-month term and one with a 48-month term, for employees of our Process Technologies segment both of whom are based in Europe. At the effective date of these leases, we recorded non-cash increases in our ROU assets and operating lease liabilities totaling approximately $71.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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