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Note 9 - Operating Leases | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 9. Operating Leases The Company leases approximately 10,535 square feet of office space for its San Antonio, TX executive offices and operations. Rental expense under the operating lease was $136,713 and $199,702 for the years ended December 31, 2020 and 2019 , respectively. The lease expires on July 31, 2024. The Company leases approximately 3,794 square feet of office space for its Nashville, Tennessee sales offices and operations. Rental expense under the operating lease was $81,474 and $112,108 for the years ended December 31, 2020 and 2019 , respectively. The lease expires on April 30, 2023. The Company assumed a lease in San Antonio, Texas as a part of the Information Management Solutions, LLC acquisition for its Output Solutions employees and warehouse operations. The lease has a remaining life of 45 months and expires on September 30, 2024. The space leased is 22,400 square feet. Annual rents during the lease term range from $123,554 to $133,703. On January 1, 2021, the Company entered into a lease in Austin, Texas commencing on January 1, 2021 for its Austin technology organization. The lease is for a period of 25 months and expires on January 31, 2023. The space leased is 1,890 square feet. Annual rents during the lease term is $55,755. On March 15, 2021, the Company entered into a lease amendment to the existing lease in San Antonio, Texas commencing April 1, 2021 and expiring on September 30, 2024 running concurrently with the existing lease. The incremental space leased is 2,734 square feet. The incremental annual rent during the lease term ranges from $56,047 to $60,148. The Company also leased select computer equipment for a period of 36 months beginning in May, 2016. The lease expired in April, 2019. Additionally, the Company has various copier equipment with leases that have not expired. Rental expense under the operating lease was $12,729 and $25,000 for the years ended December 31, 2020 and 2019 , respectively. The weighted average remaining lease term is 6.86 years. The weighted average discount rate is 4.52% The Company recognized total operating lease expense of approximately $360,000 and $450,000 for the years ended December 31, 2020 and 2019 , respectively. In 2020 , the operating lease expense of $360,000 consisted of $245,000 of fixed operating expense and $115,000 of interest expense. The maturities of lease liabilities are as follows at December 31, 2020 :
Year ended December 31, |  |  |  |
2021 |  | $ | 349,913 |
2022 |  |  | 479,023 |
2023 |  |  | 488,802 |
2024 |  |  | 447,645 |
2025 |  |  | 353,990 |
Thereafter |  |  | 1,112,689 |
Total minimum lease payments |  |  | 3,232,062 |
Less imputed interest |  |  | (389,266 | )
Total lease liabilities |  | $ | 2,842,796 |

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