Note 4 - Operating Leases

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

Note

4.

  Operating Leases

The Company is obligated under non-cancelable lease agreements for the rental of office space and various other lease agreements for the leasing of office equipment. These operating leases expire at various dates through

2021.

 In addition to the minimum base rent, the office space lease agreements provide that the Company shall pay its pro-rata share of real estate taxes and operating costs as defined in the lease agreement. The Company also leases certain corporate office space from an affiliate.

The following table summarizes future minimum payments under the current lease agreements:

Years Ending December 31	Amount (in thousands)
2018	$	1,437
2019		1,087
2020		982
2021		317
Total	$	3,823

Rent expense totaled approximately

$1.7

million and

$1.8

million for the years ended

December 31, 2017

and

2016

respectively.