Note 10 - Leases

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Leases Disclosure [Text Block]

(10) Leases

We lease printing, computer, other equipment and office space in the United States and Canada. The leases remaining terms as of December 31, 2021 range from less than one year to 4.93 years.

Certain equipment and office lease agreements include provisions for periodic adjustments to rates and charges. The rates and charges are adjusted based on actual usage or actual costs for internet, common area maintenance, taxes or insurance, as determined by the lessor and are considered variable lease costs.

The components of lease expense for the years ended December 31, 2021, 2020 and 2019 included (in thousands):

	2021			2020		2019
Operating leases	$	669		$	600	$	781
Finance leases:
Asset amortization		489			355		252
Interest on lease liabilities		34			37		39
Variable lease cost		99			62		86
Short-term lease cost		59			42		42
Sublease income		(81	)		--		--
Total net lease cost	$	1,269		$	1,096	$	1,200

In 2020, we adjusted the useful life of the operating right of use assts associated with our Atlanta, Georgia and Markham, Ontario office leases based on the expectation that we will vacate the office space before the end of the lease term.

Supplemental balance sheet information related to leases (in thousands):

	December 31, 2021		December 31, 2020
Operating leases:
Operating ROU assets	$	975	$	1,308
Current operating lease liabilities		493		461
Noncurrent operating lease liabilities		820		896
Total operating lease liabilities	$	1,313	$	1,357

	December 31, 2021			December 31, 2020
Finance leases:
Furniture and equipment	$	1,042		$	1,014
Computer Equipment		659			662
Computer Software		207			207
Property and equipment under finance lease, gross		1,908			1,883
Less accumulated amortization		(1,074	)		(605	)
Property and equipment under finance lease, net	$	834		$	1,278
Current obligations of finance leases	$	470		$	493
Noncurrent obligations of finance leases		348			778
Total finance lease liabilities	$	818		$	1,271
Weighted average remaining lease term (in years):
Operating leases		2.80			3.68
Finance leases		1.93			2.69
Weighted average discount rate:
Operating leases		3.85	%		4.40	%
Finance leases		3.42	%		3.38	%

Supplemental cash flow and other information related to leases were as follows (in thousands):

	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	680	$	596	$	789
Operating cash flows from finance leases		34		36		38
Financing cash flows from finance leases		493		332		229
ROU assets obtained in exchange for operating lease liabilities		560		276		16
ROU assets obtained in exchange for finance lease liabilities		40		817		192

Undiscounted payments under non-cancelable finance and operating leases at December 31, 2021 were as follows (in thousands):

	Finance Leases			Operating Leases
2022	$	488		$	531
2023		315			513
2024		23			227
2025		10			118
2026		10			--
Thereafter		--			--
Total minimum lease payments		846			1,389
Less: Amount representing interest		(28	)		(76	)
Present value of minimum lease payments		818			1,313
Current portion		(470	)		(493	)
Lease obligations, net of current portion	$	348		$	820

Undiscounted cash receipts due under the sublease agreement at December 31, 2021 are as follows (in thousands):

	Operating Lease
2022	$	118
2023		122
2024		127
2025		65
Total minimum lease receipts	$	432