Giga-tronics Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 15 - Commitments and Contingencies (Tables)

Note 15 - Commitments and Contingencies (Tables)

12 Months Ended

Mar. 27, 2021

Notes Tables

Lease, Cost [Table Text Block]

Lease Costs
(Dollars in thousands)				Fiscal Years ended
		Classification		March 27, 2021				March 28, 2020
Operating lease costs		Operating expenses		$	402			$	518
Finance lease
Amortization of lease assets		Depreciation and amortization			8				34
Interest on lease liability		Interest expense			1				5
Total lease costs				$	411			$	557

Leases, Other Information [Table Text Block]

For the fiscal year ended March 27, 2021		Operating leases				Finance leases
Operating cash used for leases		$	572			$	—
Financing cash used for leases		$	—			$	46
Weighted-average remaining lease term			2.42				0.46
Weighted average discount rate			6.50	%			12.00	%

Finance and Operating Leases, Liability, Maturity [Table Text Block]

Future Lease Payments
(Dollars in thousands)		Operating leases				Finance leases				Total
2022		$	503			$	20			$	523
2023			515				—				515
2024			209				—				209
Total future minimum lease payments			1,227				20				1,247
Less: imputed interest			(74	)			(1	)			(75	)
Present value of lease liabilities		$	1,153			$	19			$	1,172