Note 6 - Leases

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 6 — Leases

Our leased assets primarily consist of office space and land sites. 

Operating lease right-of-use assets are as follows (in thousands):

	June 30,		December 31,
	2020		2019
Office leases	$	779	$	610
Land leases		225		444
Total operating lease right-of-use assets, net	$	1,004	$	1,054

Operating lease liabilities are as follows (in thousands):

	June 30,		December 31,
	2020		2019
Office leases	$	638	$	698
Land leases		—		—
Total current lease liabilities		638		698
Non-current office leases		166		3
Non-current land leases		—		—
Total lease liabilities	$	804	$	701

Operating lease expense is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Office leases	$	248	$	146	$	453	$	262
Land leases		112		121		219		241
Total operating lease expense		360		267		672		503
Short-term lease expense		86		25		177		40
Land option expense		1		159		9		319
Total land option and lease expense	$	447	$	451	$	858	$	862

Maturity of operating lease liabilities as of June 30, 2020 are as follows (in thousands, except lease term and discount rate):

2020 (remaining)	$	353
2021		508
2022		—
2023		—
2024		—
Thereafter		—
Total undiscounted lease payments		861
Discount to present value		(57	)
Present value of lease liabilities	$	804
Weighted average remaining lease term - years		1.2
Weighted average discount rate - percent		12.0

Other information related to our operating leases is as follows (in thousands):

	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities:
Cash flows from operating activities	$	461	$	367
Noncash right-of-use assets recorded for operating lease liabilities:
Adoption of Topic 842		—		1,562
In exchange for new operating lease liabilities during the period		605		446