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OPERATING LEASE COMMITMENTS | 12 Months Ended
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Dec. 31, 2022
OPERATING LEASE COMMITMENTS |
OPERATING LEASE COMMITMENTS | NOTE 6 – OPERATING LEASE COMMITMENTS We have commitments under non-cancelable operating leases and other agreements, primarily for factory and office space, with initial or remaining terms of one year or more for the years ending December 31 are as follows:
|  | Operating Lease Commitments |
(in thousands) |  |  |
2023 |  | $ | 886 |
2024 |  |  | 813 |
2025 |  |  | 589 |
2026 |  |  | 131 |
2027 |  |  | 47 |
Thereafter |  |  | - |
Total |  | $ | 2,466 |
Less imputed interest |  |  | (167 | )
Total operating lease liabilities |  | $ | 2,299 |
Cash paid for operating lease liabilities for the twelve months ended December 31, 2022 and 2021, respectively, was $779,560 and $815,000. There were two new or modified leases during the twelve months ended December 31, 2022 that are accounted for in the amounts disclosed above. The following table presents supplemental balance sheet information related to leases as of December 31, 2022:
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
(in thousands) |  |  |  |  |  |
Right-of-use assets (Long-term other assets) |  | $ | 2,129 |  |  | $ | 2,793 |
Lease liability-short term (Other accrued liabilities) |  | $ | 799 |  |  | $ | 601 |
Lease liability-long term (Operating lease liabilities) |  | $ | 1,500 |  |  | $ | 2,277 |
At December 31, 2022, the weighted average remaining lease term is 3.0 years and the weighted average discount rate used is 5%. The components of our lease expense for the twelve months ended December 31, 2022 and 2021, respectively, include operating lease costs of $899,000 and $751,000, which includes short-term lease costs of $45,000 and $31,000. Variable payments were not material, and were treated as non-lease components and were recognized in the period for which the costs occur. Our real estate facility leases are described below: During the fourth quarter of 2021, we amended our lease agreement for the Redmond, Washington headquarters facility, extending the lease to January 31, 2026. The lease is for approximately 20,460 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $331,000 and $361,000, respectively. In addition to the Redmond facility, approximately 24,000 square feet is leased at two foreign locations, including our sales, service, operations and engineering office located in Shanghai, China, and our German sales, service and engineering office located near Munich, Germany. In April 2021, we signed a lease extension for our facility located in Shanghai, China, effective November 1, 2021, that extends the lease through October 31, 2024. This lease is for approximately 19,400 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $314,000 and $317,000, respectively. In March of 2022, we entered into a lease extension through 2027 for our facility located near Munich, Germany. This lease is for approximately 4,895 square feet. The lease base annual rental payments during 2022 and 2021 were approximately $62,000 and $58,000, respectively.

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