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Note 5 - Leases
6 Months Ended
Jun. 30, 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):

 

  

June 30,

  

December 31,

 
  

2022

  

2021

 

Office leases

 $1,257  $590 

Total operating lease right-of-use assets, net

 $1,257  $590 

 

 

Operating lease liabilities are as follows (in thousands):

 

  

June 30,

  

December 31,

 
  

2022

  

2021

 

Office leases

 $963  $596 

Total current lease liabilities

  963   596 

Non-current office leases

  364    

Total lease liabilities

 $1,327  $596 

 

Operating lease expense is as follows (in thousands):

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2022

  

2021

  

2022

  

2021

 

Office leases

 $221  $164  $378  $314 

Total operating lease expense

  221   164   378   314 

Short-term lease expense

  69   70   131   124 

Total lease expense

 $290  $234  $509  $438 

 

Maturity of operating lease liabilities as of June 30, 2022 are as follows (in thousands, except lease term and discount rate):

 

2022 (remaining)

 $507 

2023

  1,027 

2024

   

2025

   

2026

   

Thereafter

   

Total undiscounted lease payments

  1,534 

Discount to present value

  (207)

Present value of lease liabilities

 $1,327 
     

Weighted average remaining lease term - years

  1.5 

Weighted average discount rate - percent

  12.0 

 

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

 
  

Six Months Ended June 30,

 
  

2022

  

2021

 

Cash paid for amounts included in the measurement of operating lease liabilities:

        

Cash flows from operating activities

 $

288

  $

452

 

Noncash right-of-use assets recorded for operating lease liabilities:

        

In exchange for new operating lease liabilities during the period

  1,332   712