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Note 10 - Leases

12 Months Ended

Dec. 31, 2022

The operating ROU asset and operating lease liabilities as of December 31, 2022 and December 31, 2021 were as follows:

	December 31,		December 31,
($ in thousands)	2022		2021		Financial Statement Line Item
Assets:
Operating ROU Assets	$	11,014	$	11,428	Leased assets

Liabilities:
Current
Operating	$	3,071	$	2,985	Other accrued expenses
Noncurrent
Operating		8,216		8,809	Long-term lease
Total leased liabilities	$	11,287	$	11,794

Maturity of our operating lease liabilities are as follows:

	Operating
($ in thousands)	Leases
2023	$	3,240
2024		3,076
2025		2,901
2026		2,819
2027		2,235
Total lease payments		14,271
Less: Interest		(2,984	)
Present value of lease liabilities	$	11,287

For the twelve months ended December 31, 2022 and December 31, 2021 the weighted average remaining lease term and discount rate were as follows:

	December 31,	December 31,
	2022	2021
Weighted-average remaining lease term (years)
Operating leases	2.8	2.8

Weighted-average discount rate
Operating leases	1.4%	1.7%

For the twelve months ended December 31, 2022, December 31, 2021 and December 31, 2020 the supplemental cash flow information was as follows:

	December 31,		December 31,		December 31,
($ in thousands)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,492	$	1,230	$	711

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	2,786	$	13,186	$	481

The breakdown of rent expense for our operating leases for the twelve months ended December 31, 2022 and December 31, 2021 were as follows:

	Twelve Months Ended
	December 31,		December 31,		December 31,
($ in thousands)	2022		2021		2020		Financial Statement Line Item
Operating lease expenses - Manufacturing & Sourcing⁽¹⁾	$	784	$	813	$	678	Cost of goods sold
Operating lease expenses ⁽¹⁾		4,595		1,417		433	Operating expenses
Total lease expenses	$	5,379	$	2,230	$	1,111

⁽¹⁾ Includes short-term lease expenses of approximately $2,166,000, $1,310,000 and $103,000 for the twelve months ended December 31, 2022, December 31, 2021 and December 31, 2020, respectively.