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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | Note 6 - Leases We lease three facilities in Los Angeles, California and one facility in Austin, Texas, each providing office space. We also lease a facility in City of Industry, California, providing warehouse space. These leases expire between 2022 and 2024. During the six months ended June 30, 2022, we exited leases in Boston, Massachusetts and Dallas, Texas. We currently occupy the warehouse space in City of Industry, and the office facility in Austin, Texas, and we have a sublease in place for one of the Los Angeles office spaces. With the exception of these spaces described above, we currently operate out of remote employment sites with a remote office located at 25587 Conifer Road, Suite 105-231, Conifer, Colorado 80433. Lease expenses, including common charges and net of sublet proceeds, for the three and six months ended June 30, 2022 and 2021 were $76,000, $145,000, $92,000, and $167,000, respectively. The following provides balance sheet information related to leases as of June 30, 2022 and December 31, 2021 (in thousands):
|  |  | June 30, 2022 |  | December 31, 2021
Assets |  |  |  |
| Operating lease, right-of-use asset, net |  | $ | 245 |  |  | $ | 659 |
Liabilities |  |  |  |
| Current portion of operating lease liabilities |  | $ | 378 |  |  | $ | 492 |
| Operating lease liabilities, net of current portion |  | 68 |  |  | 236 |
| Total operating lease liabilities |  | $ | 446 |  |  | $ | 728 |
During the three and six months ended June 30, 2022 and 2021, payments of $125,000, $298,000, $218,000, and $451,000 were made on leases, respectively. The following table summarizes the future undiscounted cash payments reconciled to the lease liability (in thousands):
Remaining Lease Payments |  |
2022 |  | $ | 221 |
2023 |  | 225 |
2024 |  | 17 |
Total lease payments |  | 463 |
Effect of discounting |  | (17) |
Total lease liability |  | $ | 446 |
During the six months ended June 30, 2022, we did not enter into any new leases, we exited our Boston, MA and our Dallas, TX leases upon expiration, and we vacated two of the properties in Los Angeles. The properties we vacated are under leases until May 2023 and management does not expect to be able to sublet the properties given the limited time remaining on the leases. Therefore, due to not utilizing the asset, management believes that the right-of-use assets attached to these leases have lost their value. An impairment charge of $179,000 was recorded for these assets during the three months ended June 30, 2022. During the year ended December 31, 2021, we entered into one new operating lease, modified one operating lease, and terminated two operating leases. The following table provides a reconciliation of activity for our right-of-use (“ROU”) assets and lease liabilities (in thousands):
|  | Right-of-Use Asset |  | Operating Lease Liability
Balance at December 31, 2020 |  | $ | 903 |  |  | $ | 1,432 |
Additions |  | 60 |  |  | 60 |
Terminations and Modifications |  | 192 |  |  | 156 |
Amortization and Payments |  | (496) |  |  | (920) |
Balance at December 31, 2021 |  | $ | 659 |  |  | $ | 728 |
Amortization and Payments |  | (235) |  |  | (282) |
Impairment Charges |  | (179) |  |  | — |
Balance at June 30, 2022 |  | $ | 245 |  |  | $ | 446 |
The ROU assets and lease liabilities are recorded on the Company’s condensed consolidated Balance Sheets as of June 30, 2022 and December 31, 2021.

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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