Note 10 - Leases

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

(10) LEASES

We have operating leases for office space and processing facilities with remaining lease terms ranging from less than one year to approximately five years. As most of the leases do not provide an implicit rate, we calculated the right-of-use assets and lease liabilities using our secured incremental borrowing rate at the lease commencement date. We currently do not have any finance leases outstanding.

Information related to leases was as follows (in thousands):

	Three Months Ended March 31,
	2021			2020
Operating lease information:
Operating cash outflows from operating leases	$	47		$	87
Weighted average remaining lease term in years		2.94			3.92
Weighted average discount rate		6.0	%		6.0	%

Future minimum lease payments under non-cancellable leases as of March 31, 2021 were as follows:

Year	Amount
	(In thousands)
2021	$	152
2022		206
2023		173
2024		60
Total minimum lease payments	$	591
Less imputed interest		(33	)
Total operating lease liabilities	$	558
As reflected on balance sheet:
Other long-term liabilities	$	558

At March 31, 2021, and December 31, 2020, we had approximately $558,000 and $602,000, respectively, of right-of-use operating lease assets recorded within “buildings and equipment” on the condensed consolidated balance sheets.