Note 6 - Leases and Deferred Rent

12 Months Ended

Dec. 31, 2017

Leases of Lessee Disclosure [Text Block]

Leases and Deferred Rent

Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. Rent expense was

$999,

$1,099

and

$1,420,

including amortization of deferred rent of

$44,

$73,

and

$95

for the years ended

December 31, 2017,

2016

and

2015,

respectively.

We occupy a

5,000

square-foot facility in Gainesville, Florida under the terms of an operating lease that expires in

February 2021

with the possibility of renewing the lease for

more years. The Gainesville facility was used primarily to support our research and development activities.

We lease a

4,700

square-foot office facility in Hod Hasharon, Israel under the terms of an operating lease expiring in

December 2019

which serves to support our research and development activities. Upon expiration, we will have the option to extend the lease for

two

additional years.

We currently occupy a

31,000

square-foot facility in Salt Lake City, Utah under the terms of an operating lease expiring in

May 2019,

which supports our principal administrative, sales, marketing, customer support, and research and product development activities.

We occupy a

10,700

square-foot warehouse in Shenzhen, China under the terms of an operating lease expiring in

September 2019,

which serves as our primary inventory fulfillment and repair center for Asia.

We occupy a

7,070

square-foot facility in Austin, Texas - under the terms of an operating lease expiring in

October 2019.

This facility support our administrative, sales, marketing, customer support, and research and development activities.

We occupy a

40,000

square-foot warehouse in Salt Lake City, Utah under the terms of an operating lease expiring in

April 2025,

which serves as our primary inventory fulfillment and repair center. This facility also serves as our assembly workshop for digital signage products.

Future minimum lease payments under non-cancellable operating leases with initial terms of

one

year or more are as follows:

Years ending December 31,
2018	$	762
2019		412
2020		182
2021		187
2022		193
Thereafter		472
Total minimum lease payments	$	2,208