Note 5 - Leases

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 5 — Leases

Our leased assets consist of office space. 

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

	March 31,		December 31,
	2023		2022
Office leases	$	1,216	$	1,474
Total operating lease right-of-use assets, net	$	1,216	$	1,474

Operating lease liabilities are as follows (in thousands):

	March 31,		December 31,
	2023		2022
Office leases	$	873	$	1,093
Total current lease liabilities	$	873	$	1,093
Non-current office leases		395		465
Total lease liabilities	$	1,268	$	1,558

Operating lease expense is as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Office leases	$	309	$	157
Total operating lease expense		309		157
Short-term lease expense		28		62
Total lease expense	$	337	$	219

Maturity of operating lease liabilities as of March 31, 2023 are as follows (in thousands, except lease term and discount rate):

2023 (remaining)	$	980
2024		275
2025		252
2026		—
2027		—
Thereafter		—
Total undiscounted lease payments		1,507
Discount to present value		(239	)
Present value of lease liabilities	$	1,268
Weighted average remaining lease term - years		2.0
Weighted average discount rate - percent		12.0

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

 

	Three Months Ended March 31,
	2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities:
Cash flows from operating activities		$ 290		$ 173