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Note 14 - Leases

12 Months Ended

Dec. 31, 2022

14. 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):

		*Year Ended*		*Year Ended*
Lease Costs	*Classification*	*December 31, 2022*		*December 31, 2021*
Operating lease cost	Selling, general and administrative expense	$	470	$	1,013
Short-term lease cost	Selling, general and administrative expense		502		513
Variable lease costs⁽¹⁾	Selling, general and administrative expense		20		175
Total lease cost		$	992	$	1,701

( 1) Variable lease costs consist 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.

	*Year Ended*		*Year Ended*
	*December 31, 2022*		*December 31, 2021*
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	997	$	1,543

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	-	$	2,172

Balance sheet information related to leases consisted of the following as of the periods presented:

Leases	*December 31, 2022*			*December 31, 2021*
Assets:
Operating lease right-of-use assets	$	969		$	1,781
Liabilities:
Current portion of operating lease liabilities		363			1,019
Non-current portion of operating lease liabilities		606			762
Total operating lease liabilities		969			1,781

Weighted average remaining lease term - operating leases (in years)		2.04			4.92
Weighted average discount rate - operating leases		6.4	%		24.0	%

The following table summarizes the maturities of lease liabilities as of December 31, 2022 (in thousands):

For the Year Ended December 31,	*Amount*
2023		420
2024		278
2025		422
2026		74
2027		49
Thereafter		45
Less: Present value discount		319
Present value of operating lease liabilities		969