Giga-tronics Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Leases (Tables)

Note 5 - Leases (Tables)

9 Months Ended

Dec. 28, 2019

Notes Tables

Lease, Cost [Table Text Block]

			December 28,
	Classification		2019
Operating lease costs	Operating expenses		$	375
Finance lease:
Amortization of lease asset	Depreciation and amortization			26
Interest on lease liability	Interest expense			4
Total lease costs			$	405

Leases, Other Information [Table Text Block]

For the nine months ended December 28, 2019		Operating leases				Finance leases

Operating cash used for leases		$	429				—
Financing cash used for leases			—			$	35
Weighted-average remaining lease term			3.85				0.96
Weighted average discount rate			6.60	%			12.00	%

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

		Operating leases				Finance leases				Total
Remainder current year		$	111			$	12			$	123
2021			458				20				478
2022			473				—				473
2023			487				—				487
Thereafter			209				—				209
Total future minimum lease payments			1,738				32				1,770
Less: imputed interest			(199	)			(1	)			(200	)
Present value of lease liabilities		$	1,539			$	31			$	1,570