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Note 14 - Leases

12 Months Ended

Dec. 31, 2023

Lessee, Operating Leases and Finance Leases [Text Block]

NOTE 14: LEASES

The Company's lease portfolio is primarily comprised of operating leases for office space and finance leases for computer equipment. At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on whether the contract conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration. Leases are classified as operating or finance leases at the commencement date of the lease. Leases may include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table summarizes the classification of operating and finance lease assets and obligations in the Company's Consolidated Balance Sheet as of December 31, 2023 and 2022:

		*Year Ended*
		*December 31,*
		*2023*		*2022*
Assets
Operating lease assets	Operating lease right-of-use assets	$	1,041	$	1,584
Finance lease assets	Property and equipment, net		146		-
Total leased assets		$	1,187	$	1,584

Liabilities
Short-term:
Operating lease obligation	Current maturities of operating leases	$	505	$	711
Finance lease obligation	Accrued expenses and other current liabilities		42		-
Long-term
Operating lease obligation	Long-term obligations under operating leases		536		873
Finance lease obligation	Other non-current liabilities		104		-
Total lease obligations		$	1,187	$	1,584

The following table summarizes the classification of lease expense in the Company's Consolidated Statements of Operations for the years ended December 31, 2023 and 2022:

	*Year Ended*
	*December 31,*
	*2023*		*2022*

Operating lease expense:
Operating lease expense	$	753	$	579
Finance lease expense:
Amortization of right-of-use assets		23		-
Interest on lease obligations		5		-
Total lease expense	$	781	$	579

The following table provides lease term and discount rate information related to operating leases as of December 31, 2023:

	Year Ended
	December 31,
	2023
Weighted average remaining lease term (years)
Operating leases		2.6
Finance leases		3.4

Weighted average discount rate
Operating leases		10.0	%
Finance leases		5.7	%

The following table sets forth the scheduled maturities of lease obligations as of December 31, 2023:

	*Operating*			*Finance*			*Total*
	Leases			Leases			Leases
2024	$	536		$	49		$	585
2025		451			48			499
2026		111			44			155
2027		105			19			124
Total undiscounted cash flows	$	1,203		$	160		$	1,363
Less imputed interest		(162	)		(14	)		(176	)
Present value of lease liabilities	$	1,041		$	146		$	1,187

The following table provides supplemental information related to the Company's Consolidated Statements of Cash Flows for the years ended December 31, 2023 and 2022:

	*Year Ended*		*Year Ended*
	*December 31,*		*December 31,*
	*2023*		*2022*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	753	$	597
Operating cash flows paid for finance leases	$	5	$	-
Financing cash flows paid for finance leases	$	23	$	-

Right-of-use assets obtained in exchange for new finance lease liabilities	$	169	$	-