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Note 9 - Leases

12 Months Ended

Dec. 31, 2022

Leases

The Company has noncancelable operating leases for office space, manufacturing facilities, warehouse space, automobiles and equipment expiring at various dates through 2030.

The components of lease expense for the years ended December 31, 2022 and 2021 are as follows:

	Year Ended December 31,
(in thousands)	2022			2021
Operating lease cost	$	1,971		$	2,041
Short-term lease cost		233			196
Sublease income		(102	)		(102	)
Total lease cost	$	2,102		$	2,135

Supplemental cash flow information related to the Company’s operating leases was as follows:

	Year Ended December 31,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:	$	2,347	$	2,365
Right-of-use assets obtained in exchange for lease obligations:	$	295	$	524

Supplemental balance sheet information related to the Company’s operating leases was as follows:

	December 31,
(in thousands)	2022			2021
Operating lease right-of-use assets	$	5,816		$	6,897

Current portion, operating lease liabilities	$	2,135		$	2,142
Operating lease liabilities, long-term		5,282			6,488
Total operating lease liabilities	$	7,417		$	8,630

Weighted average remaining lease term (years)		6.2			6.7
Weighted average discount rate		9.4	%		9.3	%

Future minimum lease payments for operating leases, with initial terms in excess of one year at December 31, 2022, are as follows:

(in thousands)
2023	$	2,135
2024		1,794
2025		1,064
2026		1,022
2027		1,004
Thereafter		2,995
Total lease payments		10,014
Less imputed interest		(2,597	)
Total operating lease liabilities	$	7,417