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Leases | 6 Months Ended
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Jun. 30, 2021
Leases, Operating [Abstract] |
LEASES | Note 4. LEASES The Company has operating and finance leases for leased office and manufacturing facilities and equipment leases. The Company leases certain machinery and equipment under finance leases and leases its offices and manufacturing facilities under operating leases. The leases have remaining lease terms of one to five years, some of which include options to extend or terminate the leases.
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (unaudited) |  |  |  |
Weighted Average Remaining Lease Term - in years |  |  | 5.12 |  |  |  | 5.53 |
Weighted Average discount rate - % |  |  | 8.89 | % |  |  | 8.90 | %
The aggregate undiscounted cash flows of operating lease payments for leases with remaining terms greater than one year are as follows:
|  | Amount |
December 31, 2021 (remainder of the year) |  | $ | 492,000 |
December 31, 2022 |  |  | 1,007,000 |
December 31, 2023 |  |  | 1,038,000 |
December 31, 2024 |  |  | 1,070,000 |
December 31, 2025 |  |  | 992,000 |
Thereafter |  |  | 730,000 |
Total future minimum lease payments |  |  | 5,329,000 |
Less: discount |  |  | (1,091,000 | )
Total operating lease maturities |  |  | 4,238,000 |
Less: current portion of operating lease liabilities |  |  | (643,000 | )
Total long term portion of operating lease maturities |  | $ | 3,595,000 |
On April 29, 2021 the Company entered into an agreement to surrender the possession of the premises of the former corporate office, located in Hauppauge, NY. The Company made a one-time payment of 40% of the remaining balance due to the landlord as of May 1, 2021, of approximately $37,000. The Company had previously recognized a lease impairment of $275,000 to its Operating Lease Right-of-Use-Asset for the year-ended December 31, 2019.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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