Note 12 - Leases

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

12.     Leases

Leases

We have seven total operating leases which relate to both office space locations and certain office equipment. Our leases have remaining lease terms of 2 months to 4 years. Our leases do not contain any material residual value guarantees or material restricted covenants and we currently have no material sublease arrangements. We have no financing leases as defined under ASC 842.

Total operating lease expense for the three and nine months ended September 30, 2021 and 2020, is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Operating lease cost	$	44	$	47	$	133	$	157
Short-term lease cost		4		5		15		12
Total lease cost	$	48	$	52	$	148	$	169

The weighted average remaining lease term was 2.45 years as of September 30, 2021. The weighted average discount rate was 4.55% as of September 30, 2021.

Remaining maturities of our existing lease liabilities as of September 30, 2021 were as follows:

Year Ending December 31,	Operating Leases
2021 (excluding the nine months ended September 30, 2021)		44
2022		132
2023		115
2024		29
2025		7
Total lease payments	$	327
Less imputed interest		(52	)
Total	$	275

The following is the balance sheet classification of our existing lease liabilities as of September 30, 2021:

	As of
	September 30, 2021		December 31, 2020
Operating lease liabilities - current	$	128	$	149
Operating lease liabilities - non-current		147		237
Total operating lease liabilities	$	275	$	386

Supplemental cash flow information related to leases, was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities	$	50	$	45	$	148	$	148
Leased assets obtained in exchange for operating lease liabilities		39		41		119		137