Note 10 - Leases

9 Months Ended

Sep. 30, 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				Nine Months Ended
		September 30,				September 30,
Lease Costs	Classification	2023		2022		2023		2022
Operating lease cost	Selling, General and Administrative Expense	$	71	$	103	$	212	$	358
Short-term lease cost	Selling, General and Administrative Expense		19		137		130		399
Variable costs	Selling, General and Administrative Expense		13		21		44		74
Total lease cost		$	103	$	261	$	386	$	831

⁽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):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	233	$	245	$	489	$	775
Assets obtained in exchange for new operating lease liabilities
Operating lease	$	386	$	-	$	1,497	$	-

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

	September 30, 2023			December 31, 2022
Assets:
Operating lease right-of-use assets	$	2,023		$	969
Liabilities:
Current portion of operating lease liabilities		946			363
Non-current portion of operating lease liabilities		1,077			606
Total operating lease liabilities	$	2,023		$	969
Weighted-average remaining lease term - operating leases (in years)		2.1			2.04
Weighted-average discount rate - operating leases		10.0	%		6.4	%

The following table summarizes the maturities of lease liabilities as of September 30, 2023 (in thousands):

Period Ending December 31,	Amount
2023	$	281
2024		886
2025		957
2026		179
2027		144
Thereafter		109
Total Lease Payments		2,556
Less: imputed interest		533
Total	$	2,023