XML 31 R15.htm IDEA: XBRL DOCUMENT
v3.24.1

Operating Lease Liabilities and Right-of-Use Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Operating Lease Liabilities and Right-of-Use Assets | Operating Lease Liabilities and Right-of-Use Assets As of December 31, 2023, we leased one facility in City of Industry, California, providing warehouse space. This lease expired in February 2024. During 2023, and through the date of this filing, we exited office space leases Austin, Texas and Los Angeles, California as well as the warehouse lease in City of Industry, CA. Lease expenses, net of common charges, for the years ended December 31, 2023 and 2022 were $214,000 and $502,000, respectively. Sublet proceeds for the years ended December 31, 2023 and 2022 were zero and $140,000, respectively. The following provides balance sheet information related to leases as of December 31, 2023 and 2022 (in thousands):
|  |  | December 31,
|  |  | 2023 |  | 2022
Assets |  |  |  |
| Operating lease, right-of-use asset, net |  | $ | 17 |  |  | $ | 142 |
Liabilities |  |  |  |
| Current portion of operating lease liabilities |  | $ | 17 |  |  | $ | 219 |
| Operating lease liabilities, net of current portion |  | — |  |  | 17 |
| Total operating lease liabilities |  | $ | 17 |  |  | $ | 236 |
The following table summarizes the future undiscounted cash payments reconciled to the lease liability (in thousands):
Total lease payments remaining in 2024 |  | $ | 17 |
Effect of discounting (1) |  | — |
Total lease liability |  | 17 |
Less: current portion of lease liabilities |  | 17 |
Operating lease liabilities, net of current portion |  | $ | — |
(1) The effect of discounting is less than $1,000 due to the term remaining on the lease. 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, 2021 |  | $ | 659 |  |  | $ | 728 |
Additions |  | 11 |  |  | 11 |
Amortizations and Reductions |  | (349) |  |  | (503) |
Impairment Charges |  | (179) |  |  |
Balance at December 31, 2022 |  | 142 |  |  | 236 |
Amortizations and Reductions |  | (125) |  |  | (219) |
Balance at December 31, 2023 |  | $ | 17 |  |  | $ | 17 |
The ROU assets and lease liabilities are recorded on the Company’s consolidated balance sheets as of December 31, 2023 and December 31, 2022. In February 2023, we exited a property in Austin, Texas and in May 2023 we exited three properties in Los Angeles, California. In February 2024, the Company exited its City of Industry, California lease upon expiration. We are currently in the process of securing a warehouse facility in, or around, Denver, CO. During the interim, our inventory is being stored in a secured third party location. We currently operate out of remote employment sites with a remote office located at 110 16th Street, Suite 1400-1024, Denver, CO 80202.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration