XML 38 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Note 13 - Lease Obligations
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Lessee, Operating and Finance Leases [Text Block]
13—
LEASE OBLIGATIONS
 
13
-
1
Financing leases
 
The Company leases certain of its equipment under finance leases. At
December 31, 2019,
this equipment consists of medical devices for a liability amount of
€305
thousand and vehicles and other IT equipment for a liability amount of
€740
thousand. Maturities of finance leases liabilities for the years ending
December 31, 2019
are as follows:
 
    December 31,
2020    
415
  
2021    
299
  
2022    
221
  
2023    
122
  
2024 and thereafter    
30
  
Total undiscounted minimum lease payments    
1,086
  
Less: amount representing interest    
(41
 )
Present value of minimum lease payments    
1,044
  
Less: current portion    
(392
 )
Long-term portion    
653
  
 
Interest paid under finance lease obligations was
€29
thousand the year ended
December 31, 2019.
 
The weighted average remaining lease term and the weighted average discount rate for finance leases at
December 
31,
2019
was:
3.2
years and
2.44%.
 
13
-
2
Operating leases
 
Maturities of operating leases liabilities consist of the following amounts:
 
    December 31,
2020    
980
  
2021    
758
  
2022    
474
  
2023    
349
  
2024 and thereafter    
171
  
Total undiscounted minimum lease payments    
2,732
  
Less: amount representing interest    
(48
 )
Present value of minimum lease payments    
2,684
  
Less: current portion    
(958
 )
Long-term portion    
1,726
  
 
The weighted average remaining lease term and the weighted average discount rate for operating leases at
December 
31,
2019
was :
3.51
years and
1.56%.
 
Total rent expenses under operating leases amounted to
€828
thousand,
€1,002
thousand and
€904
thousand, for the years ended
December 31, 2019,
2018
and
2017,
respectively. These total rent expenses are related to office rentals, office equipment and car rentals.