Cash, Cash Equivalents, and Restricted Cash

3 Months Ended

Mar. 31, 2022

Cash, Cash Equivalents, and Restricted Cash [Abstract]

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

NOTE 6 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

Cash and cash equivalents consisted of the following as of March 31, 2022, and December 31, 2021:

(Amounts in thousands)	March 31, 2022		December 31, 2021
Cash and cash equivalents	$	466	$	1,622
Restricted cash		36		277
Total	$	502	$	1,899

Cash, cash equivalents, and restricted cash are represented by operating accounts or money market accounts maintained with insured financial institutions, including cash equivalents, defined as all short-term, highly-liquid investments with maturities of three months or less when purchased. The Company had no cash equivalents as of March 31, 2022 and December 31, 2021, respectively. During the three months ended March 31, 2022, $195,000 of restricted cash was released upon the sale of a building and the remainder of the restricted cash will be released as overseas leases expire in January and July of 2023. See Note 10 – Property and Equipment, Net for additional information related to the sale of the building.