XML 28 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Leasing Operations
9 Months Ended
Sep. 30, 2020
Leasing Operations  
Leasing Operations

Note 10. Leasing Operations

The Company commenced a new 5 year lease on March 1, 2020 for office space in Santa Clara, CA. As a result the Company recorded a right-of-use asset and lease liability of $6.8 million as of March 1, 2020.

The Company rents its systems to certain qualified customers under arrangements that qualify as either

sales-type lease or operating lease arrangements. Leases have terms that generally range from two to five years.

Operating Leases

Minimum future lease receipts on noncancelable leases as of September 30, 2020 are as follows:

As of

Operating Leases:

    

September 30, 2020

2020

 

$

4,712

2021

13,161

2022

6,533

2023

962

Total receipts on noncancelable operating leases

$

25,368