Note 9 - Leases

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

(9) LEASES

We have operating leases for office space with remaining lease terms ranging from 8 months to 19 months. 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,
	2023			2022
Operating lease information:
Operating cash outflows from operating leases	$	52		$	58
Weighted average remaining lease term in years		1.10			1.97
Weighted average discount rate		6.0	%		6.0	%

Future minimum lease payments under non-cancellable leases as of March 31, 2023, were as follows:

	Amount
	(In thousands)
2023	$	147
2024		34
Total minimum lease payments	$	181
Less imputed interest		(2	)
Total operating lease liability	$	179
As reflected within the following balance sheet line items:
Accounts payable and accrued liabilities	$	147
Other long-term liabilities		32
Total operating lease liability	$	179

At March 31, 2023, and December 31, 2022, we had approximately $179 and $230, respectively, of right-of-use operating lease assets recorded within “buildings and equipment” on the condensed consolidated balance sheets.