Note 5 - Leases

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 5 — Leases

Our leased assets primarily consist of office space. 

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

	March 31,		December 31,
	2022		2021
Office leases	$	450	$	590
Total operating lease right-of-use assets, net	$	450	$	590

Operating lease liabilities are as follows (in thousands):

	March 31,		December 31,
	2022		2021
Office leases	$	440	$	596
Total current lease liabilities	$	440	$	596
Non-current office leases		—		—
Total lease liabilities	$	440	$	596

Operating lease expense is as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Office leases	$	157	$	150
Land leases		—		—
Total operating lease expense		157		150
Short-term lease expense		62		54
Total lease expense	$	219	$	204

Maturity of operating lease liabilities as of March 31, 2022 are as follows (in thousands, except lease term and discount rate):

2022 (remaining)	$	460
2023		—
2024		—
2025		—
2026		—
Thereafter		—
Total undiscounted lease payments		460
Discount to present value		(20	)
Present value of lease liabilities	$	440
Weighted average remaining lease term - years		0.7
Weighted average discount rate - percent		12.0

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

 

	Three Months Ended March 31,
	2022		2021
Cash paid for amounts included in the measurement of operating lease liabilities:
Cash flows from operating activities	$	173	$	170