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Note 10 - Leases

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

10.

Leases

The Company is a lessee under certain operating leases for office space and equipment.

The components of lease expenses consisted of the following for the periods presented (in thousands):

		*Three Months Ended*
		*March 31,*
Lease Costs	*Classification*	*2023*		*2022*
Operating lease cost	Selling, General and Administrative Expense	$	70	$	141
Short-term lease cost	Selling, General and Administrative Expense		76		124
Variable costs	Selling, General and Administrative Expense		16		29
Total lease cost		$	162	$	294

⁽¹⁾ Variable lease expense consists primarily of property taxes, property insurance, and common area or other maintenance costs for the Company’s leases of office space.

The following includes supplemental information for the periods presented (in thousands):

	March 31, 2023		March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	150	$	272

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	303		-

Balance sheet information related to leases consisted of the following as of the periods presented (in thousands):

	March 31, 2023			December 31, 2022
Assets:
Operating lease right-of-use assets	$	1,140		$	969
Liabilities:
Current portion of operating lease liabilities		457			363
Non-current portion of operating lease liabilities		683			606
Total operating lease liabilities	$	1,140		$	969

Weighted-average remaining lease term - operating leases (in years)		1.9			2.04
Weighted-average discount rate - operating leases		6.4	%		6.4	%

The following table summarizes the maturities of lease liabilities as of March 31, 2023 (in thousands):

Period Ending December 31,	*Amount*
2023	$	366
2024		398
2025		549
2026		96
2027		49
Thereafter		46
Total Lease Payments		1,504
Less: imputed interest		364
Total	$	1,140