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LEASES

9 Months Ended

Sep. 30, 2021

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 September 30, 2021:

	Operating Lease Commitments
(in thousands)
2021 (remaining)	$	236
2022		682
2023		433
2024		371
2025		65
Thereafter		80
Total	$	1,867
Less Imputed interest		(369	)
Total operating lease liabilities	$	1,498

Cash paid for operating lease liabilities for the three and nine months ended September 30, 2021 was $203,000 and $605,000, respectively. There were three new operating leases during the nine months ended September 30, 2021.

Cash paid for operating lease liabilities for the three and nine months ended September 30, 2020 was $194,000 and $568,000, respectively.

The following table presents supplemental balance sheet information related to leases:

	Balance at September 30, 2021		Balance at December 31, 2020
(in thousands)
Right-of-use assets (Long-term other assets)	$	1,409	$	1,081
Lease liability-short term (Other accrued liabilities)		556		673
Lease liability-long term (Operating lease liabilities)		942		588

At September 30, 2021, the weighted average remaining lease term is 2.90 years and the weighted average discount rate used is 5%.

The components of our lease expense for the three and nine months ended September 30, 2021 include operating lease costs of $172,000 and $515,000, respectively, and short-term lease costs of $7,000 and $22,000, respectively.

The components of our lease expense for the three and nine months ended September 30, 2020 include operating lease costs of $168,000 and $494,000, respectively, and short-term lease costs of $9,000 and $26,000, respectively.

Our lease for the Redmond, Washington headquarters facility ran through July 31, 2022. On October 4, 2021, we signed a lease amendment effective August 1, 2022 extending the lease to January 31, 2026. This lease is for approximately 20,460 square feet.

Our lease for a facility located in Shanghai, China ran through October 31, 2021. In April 2021, we signed a lease extension effective November 1, 2021 that extends the lease through October 31, 2024. This lease is for approximately 19,400 square feet.

Our lease near Munich, Germany runs through February 28, 2022 with a five year extension available. This lease is for approximately 4,895 square feet.