Note 6 - Leases |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lessee, Operating Leases [Text Block] |
6. Leases
The Company leases its office and warehouse space. The lease has a remaining life of 5yrs. The Company accounts for its leases according to ASC 842 Leases.
Lease expense was KEUR42 and KEUR42 for the three months ended March 31, 2025 and 2024, respectively.
Maturities of operating lease liabilities were as follows as of March 31, 2025:
The lease was calculated over a 122 month period at a discount rate of 18%.
In addition, for the three months ended March 31, 2025, the Company recorded KEUR5.2 of an operating lease running on a month-to-month basis. |
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