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

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)

3 Months Ended

Jun. 27, 2020

Notes Tables

Lease, Cost [Table Text Block]

			June 27,
	Classification		2020
Operating lease costs	Operating expenses		$	133
Finance lease:
Amortization of lease asset	Depreciation and amortization			8
Interest on lease liability	Interest expense			—
Total lease costs			$	141

Leases, Other Information [Table Text Block]

For the three months ended: June 27, 2020		Operating leases				Finance leases
Operating cash used for leases		$	147				—
Financing cash used for leases			—			$	11
Weighted-average remaining lease term (years)			3.39				0.47
Weighted-average discount rate			6.50	%			12.00	%

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

		Operating leases				Finance leases				Total
Remainder 2021		$	366			$	9			$	375
2022			503				—				503
2023			514				—				514
Thereafter			209				—				209
Total future minimum lease payments			1,592				9				1,601
Less: imputed interest			(151	)			—				(151	)
Present value of lease liabilities		$	1,441			$	9			$	1,450