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Note 5 - Leases | 3 Months Ended
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Mar. 31, 2026
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 5. LEASES The Company leases 4,900 square feet of corporate office space in Rolling Hills Estates, California with a term expiring in September 2030, and 7,300 square feet of corporate office space in Hong Kong with a term expiring in June 2026. In January 2026, the Company entered into an agreement to sublease a portion of its corporate office space in Rolling Hills Estates, California for the remainder of the lease term, effective February 1, 2026. The sublease is classified as an operating lease and is expected to offset a portion of future lease costs associated with the Company's corporate office space. Sublease income recognized on a straight-line basis was $20,000 for the three months ended March 31, 2026. To help further develop the market for its products in North America, the Company leases 1,600 square feet of retail space in Richmond, British Columbia, and 2,000 square feet of retail space in Metuchen, New Jersey. The Richmond and Metuchen locations have terms expiring in February 2027 and December 2028, respectively. The Company leases six branch offices throughout China, and additional office space in Peru, Japan, Taiwan, South Korea, Malaysia, India, Colombia and the Cayman Islands. The Company contracts with third parties for fulfillment and distribution operations in all of its international markets. None of the Company’s third-party logistics contracts contain a lease, as the Company does not have the right to access the warehouses or move its inventories at will. In August 2025, the Company entered into a binding offer to lease 5,300 square feet of office space in Hong Kong to replace its existing corporate office space in Hong Kong. The lease commenced on March 1, 2026 with a term expiring February 28, 2031. Monthly base rent is HKD 141,500 ($18,000) for years one through three and HKD 149,500 ($19,000) for years four and five, with base-rent-free periods from March 1, 2026 through April 30, 2026 and from August 1, 2029 through September 30, 2029. In addition, the Company will pay a monthly management fee of HKD 43,979 ($6,000). The lease provides the Company with an early termination right upon not less than three months’ prior written notice, exercisable at any time from March 1, 2029 through February 28, 2031. The related right-of-use asset and lease liability was recognized on the Company’s consolidated balance sheet at the lease commencement date in accordance with FASB ASC Topic 842, Leases. The components of lease cost were as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Operating leases |  | $ | 315 |  |  | $ | 308 |
Short-term leases |  |  | 33 |  |  |  | 33 |
Sublease income |  |  | (20 | ) |  |  | — |
Total lease cost |  | $ | 328 |  |  | $ | 341 |
Cash paid for amounts included in the measurement of operating lease liabilities was $291,000 and $309,000 for the three months ended March 31, 2026 and 2025, respectively. The weighted-average remaining lease term and discount rate related to operating leases as of March 31, 2026 were as follows:
Weighted-average remaining lease term (in years) |  |  | 4.0 |
Weighted-average discount rate |  |  | 3.4 | %
As most of our leases do not provide an implicit rate, the Company used its incremental borrowing rate, or the rate of each of its subsidiaries if available, based on the information available at the lease commencement date to determine the present value of lease payments. The annual scheduled lease payments of the Company's operating lease liabilities as of March 31, 2026 were as follows (in thousands):
Remainder of 2026 |  | $ | 776 |
2027 |  |  | 766 |
2028 |  |  | 638 |
2029 |  |  | 484 |
2030 |  |  | 470 |
Thereafter |  |  | 51 |
Total lease payments |  |  | 3,185 |
Less: imputed interest |  |  | (163 | )
Present value of lease liabilities |  | $ | 3,022 |
For all asset classes, the Company elected not to recognize assets or liabilities at the acquisition date for leases that, at the acquisition date, have a remaining lease term of 12 months or less. Additionally, for all asset classes, the Company has chosen not to separate nonlease components from lease components and instead accounts for the combined lease and nonlease components associated with that lease component as a single lease component.

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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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