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NOTE 5 - LEASES
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
NOTE 5 - LEASES

Our leasing arrangements are primarily for facility leases we use to conduct our operations. The following table presents our future lease payments for long-term operating leases as of March 31, 2021:

   Operating
Lease Commitments
  (in thousands)       
 2021 (remaining)   $576 
 2022    341 
 2023    111 
 2024    87 
 2025    66 
 Thereafter    82 
 Total   $1,263 
   Less Imputed interest    (169)
 Total operating lease liabilities   $1,094 

 

Cash paid for operating lease liabilities for the three months ended March 31, 2021 and 2020 were $201,000 and $185,000, respectively.  There were three new operating leases during the three months ended March 31, 2021.

 

The following table presents supplemental balance sheet information related to leases as of March 31, 2021:

   Balance at March 31,
2021		  Balance at December 31,
2020
 (in thousands)          
 Right-of-use assets (Long-term other assets)  $945   $1,081 
 Lease liability-short term (Other accrued liabilities)   612    673 
 Lease liability-long term (Operating lease liabilities)   482    588 

 

At March 31, 2021, the weighted average remaining lease term is 2.83 and the weighted average discount rate used is 5%.

 

The components of our lease expense for the three months ended March 31, 2021 and 2020 include operating lease costs of $171,000 and $163,000, respectively, and short-term lease costs of $7,000 and $7,000, respectively.

 

Our real estate facility leases are described below:

 

During the third quarter of 2017, we amended our lease agreement, extending the lease for the Redmond, Washington headquarters facility through July 31, 2022.  This lease is for approximately 20,460 square feet.

 

We signed a lease agreement effective November 1, 2015 that extends the lease for a facility located in Shanghai, China through October 31, 2021.  This lease is for approximately 19,400 square feet.

 

During the fourth quarter of 2016, we signed a lease agreement for a new facility located near Munich, Germany which was effective March 1, 2017 through February 28, 2022 with a five year extension available.  This lease is for approximately 4,895 square feet.