Note 6 - Leases

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2020		2019
Office leases	$	562	$	610
Land leases		113		444
Total operating lease right-of-use assets, net	$	675	$	1,054

Operating lease liabilities are as follows (in thousands):

	September 30,		December 31,
	2020		2019
Office leases	$	596	$	698
Land leases		—		—
Total current lease liabilities		596		698
Non-current office leases		—		3
Non-current land leases		—		—
Total lease liabilities	$	596	$	701

Operating lease expense is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Office leases	$	238	$	232	$	691	$	381
Land leases		113		328		332		815
Total operating lease expense		351		560		1,023		1,196
Short-term lease expense		72		38		249		78
Land option expense		—		156		9		476
Total land option and lease expense	$	423	$	754	$	1,281	$	1,750

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

2020 (remaining)	$	123
2021		508
2022		—
2023		—
2024		—
Thereafter		—
Total undiscounted lease payments		631
Discount to present value		(35	)
Present value of lease liabilities	$	596
Weighted average remaining lease term - years		0.9
Weighted average discount rate - percent		12.0

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

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities:
Cash flows from operating activities	$	600	$	969
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