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Note 10 - Leases | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 10. LEASES The terms of the Company’s three primary office space lease arrangements are as follows:
| • | The Gallarate, Italy building lease, for approximately 1,335 square feet, runs through April 30, 2025. This facility serves as the operating headquarters for our European operations.
| • | The Aurora, IL warehouse lease, for approximately 11,000 square feet, runs through December 31, 2023. This facility serves as an outside warehouse facility.
| • | The Overland Park, KS lease, for approximately 600 square feet, runs through October 15, 2024. This facility serves primarily as a sales office.
The Company also has three additional operating leases related to certain office equipment and company leased vehicles and one short-term lease. Our leases have remaining lease terms of 1.0 years to 2.4 years. Our leases do not contain any material residual value guarantees or material restricted covenants and we currently have no material sublease arrangements. We have no financing leases as defined under ASC 842. Total operating lease expense for the years ended December 31, 2022 is as follows:
|  |  | 2022 |  |  |  | 2021 |
Operating lease cost |  | $ | 176 |  |  | $ | 198 |
Short-term lease cost |  |  | 29 |  |  |  | 21 |
Total lease cost |  | $ | 205 |  |  | $ | 219 |
The weighted average remaining lease term was 1.77 years as of December 31, 2022. The weighted average discount rate was 4.48% as of December 31, 2022. Remaining maturities of our existing lease liabilities as of December 31, 2022 were as follows:
Year Ending December 31, |  | Operating Leases |
2023 |  | $ | 149 |
2024 |  |  | 61 |
2025 |  |  | 13 |
Thereafter |  |  | — |
Total lease payments |  | $ | 223 |
Less imputed interest |  |  | (32 | )
Total |  | $ | 191 |
The following is the balance sheet classification of our existing lease liabilities:
|  | 2022 |  |  | 2021 |
Operating lease liabilities - current |  | $ | 125 |  |  | $ | 113 |
Operating lease liabilities - non-current |  |  | 66 |  |  |  | 122 |
Total operating lease liabilities |  | $ | 191 |  |  | $ | 235 |
Supplemental cash flow information related to leases was as follows:
|  | For the Twelve Months ended December 31, 2022 |  |  | For the twelve months ended December 31, 2021 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 157 |  |  | $ | 178 |
Leased assets obtained in exchange for operating lease liabilities |  |  | 139 |  |  |  | 158 |

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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