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Note 4 - Right-of-use (ROU) Asset
3 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

Note 4 – Right-of-Use (ROU) Asset

 

Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) requires that all leases be recognized by lessees on the balance sheet through a right-of-use (ROU) asset and corresponding lease liability, including today’s operating leases. At December 31, 2021, the Company recorded a right-of-use asset and lease liability of approximately $184,000 for its operating office and equipment leases, including approximately $77,000 beyond one year.  Operating office and equipment leases are included in operating lease ROU assets, current accrued liabilities and long-term accrued liabilities in the Company’s accompanying Consolidated Balance Sheets.