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OTHER ASSETS | 12 Months Ended
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Dec. 31, 2020
Other Assets [Abstract] |
OTHER ASSETS | 11. OTHER ASSETS Included in other assets at December 31, 2020 and December 31, 2019 are right-of-use assets, net, of $1.5 million and $1.8 million, respectively, related to our lease obligations. As a result of the Company entering into the Stock Purchase Agreement on June 28, 2019, we received two subordinated promissory notes in the aggregate principal amount of $5.0 million and $2.5 million, for a total aggregate principal amount of $7.5 million (the “Seller Notes”), subject to certain adjustments. The Seller Notes accrue interest at a rate of 4.0% per annum, with a final payment of all unpaid principal and interest becoming fully due and payable at December 31, 2022. The Company determined the fair value of the Seller Notes based on market conditions and prevailing interest rates. During the fourth quarter of 2019, the Company and the Buyer, pursuant to the Stock Purchase Agreement, completed the net working capital adjustment, which resulted in the Company paying the Buyer $1.8 million in cash and reducing the principal amount of the $5.0 million Seller Note to $3.2 million. During the second quarter of 2020, the Company recognized an additional reduction to the principal amount of the Seller Note of $194 for a valid claim paid by the Buyer on behalf of the Company. Inclusive of the reduction to the principal amount for the valid claim, the Company has revalued the Seller Notes for an appropriate imputed interest rate, resulting in a net change to the value of the Seller Notes at December 31, 2020 of $254 for a carrying value of $5.3 million. Other assets are summarized below:
|  | December 31, |
|  | 2020 |  |  | 2019 |
Right of use assets |  | $ | 1,505 |  |  | $ | 1,806 |
Notes receivable, net |  |  | 5,350 |  |  |  | 5,096 |
CleanSpark warrants |  |  | — |  |  |  | 531 |
Deposits |  |  | 15 |  |  |  | 32 |
Other long-term receivables |  |  | 28 |  |  |  | — |
Other assets |  | $ | 6,898 |  |  | $ | 7,465 |

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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