NOTE 6 - OPERATING LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2020

Leases, Operating [Abstract]

OPERATING LEASE COMMITMENTS

We have commitments under non-cancelable operating leases and other agreements, primarily for factory and office space, with initial or remaining terms of one year or more as follows:

For the years ending December 31:

	Operating Lease Commitments
(in thousands)
2021	$	747
2022		331
2023		101
2024		89
2025		69
Thereafter		85
Total	$	1,422
Less Imputed interest		(162	)
Total operating lease liabilities	$	1,260

Cash paid for operating lease liabilities for the twelve months ended December 31, 2020 and 2019, respectively, was $770,000 and $757,000. There were three new or modified leases during the twelve months ended December 31, 2020 that are considered minor, and are accounted for in the amounts disclosed above.

The following table presents supplemental balance sheet information related to leases as of December 31, 2020:

	Year Ended December 31,
	2020		2019
(in thousands)
Right-of-use assets (Long-term other assets)	$	1,081	$	1,574
Lease liability-short term (Other accrued liabilities)	$	673	$	678
Lease liability-long term (Operating lease liabilities)	$	588	$	1,178

At December 31, 2020, the weighted average remaining lease term is 2.9 years and the weighted average discount rate used is 5%.

The components of our lease expense for the twelve months ended December 31, 2020 and 2019, respectively, include operating lease costs of $692,000 and $685,000, which includes short-term lease costs of $34,000 and $32,000. Variable payments were not material, and were treated as non-lease components and were recognized in the period for which the costs occur.

Our real estate facility leases are described below:

During the third quarter of 2017, we amended our lease agreement for the Redmond, Washington headquarters facility, extending the lease to July 31, 2022. Previously on June 8, 2015 the lease had been amended to relocate our headquarters to a nearby building and lower the square footage to approximately 20,460. The lease base annual rental payments during 2020 and 2019 were approximately $361,000 and $351,000, respectively.

In addition to the Redmond facility, approximately 24,000 square feet is leased at two foreign locations, including our sales, service, operations and engineering office located in Shanghai, China, and our German sales, service and engineering office located near Munich, Germany.

We signed a lease agreement effective November 1, 2015 that extends through October 31, 2021 for a facility located in Shanghai, China. This lease is for approximately 19,400 square feet. The lease base annual rental payments during 2020 and 2019 were approximately $301,000 and $305,000, respectively.

During the fourth quarter of 2016, we signed a lease agreement for a new facility located near Munich, Germany which was effective March 1, 2017 and extends through February 28, 2022 with a five year further extension to 2027. This lease is for approximately 4,895 square feet. The lease base annual rental payments during 2020 and 2019 were approximately $62,000 and $57,000, respectively.