Note 6 - Operating Lease (Tables)

12 Months Ended

Dec. 31, 2019

Notes To Financial Statements Abstract

Schedule of lease expense

Balance sheet information related to Previous Facility Lease and New Facility Lease are as follows:

	December 31,		December 31,
	2019		2018
Operating lease right-of-use asset	$	2,509	$	187
Operating lease liability, current portion		307		188
Operating lease liability, net of current portion		2,189		-

Components of lease expense

The components of lease expense are as follows:

	December 31,		December 31,
	2019		2018
Amortization of right-of-use asset recorded as rent expense	$	413	$	540
Interest on lease liability included in other expense		82		33
Total lease cost	$	495	$	573

Schedule of Future Minimum Payments for Operating Leases

Maturities of the lease liability are as follows:

Future Minimum Lease Payments
2020	$	431
2021		444
2022		457
2023		471
2024		485
Thereafter		666
Total future minimum lease payments		2,954
Less: amount representing interest		(458)
Present value of future payments		2,496
Current portion		307
Long-term portion	$	2,189

Other information related to the lease

Other information related to the lease:

For the years ended:

	December 31,		December 31,
	2019		2018
Operating cashflows
Cash paid related to operating lease obligation	$	460	$	566
Remaining lease term (in years)
Operating lease		6.3		0.3