Note 5 - Leases

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Lease Disclosure [Text Block]

NOTE

5.

LEASES

We have operating leases for certain manufacturing sites, office space, and equipment. Most leases include the option to renew, with renewal terms that can extend the lease term from

one

to

five

years or more. Right-of-use lease assets and lease liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term which includes renewal periods we are reasonably certain to exercise. Our leases do

not

contain any material residual value guarantees or material restrictive covenants. At

June 30, 2019,

we do

not

have material lease commitments that have

not

commenced.

The components of lease expense were as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
Lease Cost	2019		2019
Operating lease cost	$	253	$	532
Finance lease interest cost		16		33
Finance lease amortization expense		66		131
Total lease cost	$	335	$	696

Supplemental balance sheet information related to leases was as follows:

	Balance Sheet Location	June 30 , 2019
Assets
Operating lease assets	Operating lease assets	$	5,202
Finance lease assets	Property, Plant and Equipment		1,292
Total leased assets			6,494
Liabilities
Current
Current operating lease liabilities	Current Portion of Operating Lease Obligations		826
Current finance lease liabilities	Current Portion of Finance Lease Obligations		364
Noncurrent
Long-term operating lease liabilities	Long Term Operating Lease Liabilities, Net		4666
Long term finance lease liabilities	Long Term Finance Lease Obligations, Net		776
Total lease liabilities		$	6,632

Supplemental cash flow information related to leases was as follows:

	Three Months Ended June 30 ,
	2019
Operating leases
Cash paid for amounts included in the measurement of lease liabilities	$	200
Right-of-use assets obtained in exchange for lease obligations	$	—

Maturities of lease liabilities were as follows:

	Operating Leases			Finance Leases			Total
Remaining 2019	$	447		$	213		$	660
2020		858			398			1,256
2021		722			398			1,120
2022		726			223			949
2023		738			2			740
Thereafter		3,380			—			3,380
Total lease payments	$	6,871		$	1,234		$	8,105
Less: Interest		(1,379	)		(94	)		(1,473	)
Present value of lease liabilities	$	5,492		$	1,140		$	6,632

The lease term and discount rate at

June 30, 2019

were as follows:

Weighted-average remaining lease term (years)
Operating leases	8.1
Finance leases	3.5
Weighted-average discount rate
Operating leases	4.8	%
Finance leases	5.4	%

Rent expense for our operating leases the

three

and

six

months ended

June 30, 2018

as accounted under ASC

840,

Leases

, was

$319

and

$654,

respectively.

The future minimum lease commitments as of

December 31, 2018,

under ASC

840

are as follows:

	Operating Leases
2019	$	1,024
2020		858
2021		722
2022		726
2023		738
Thereafter		3,380
Total minimum obligations	$	7,448