Cash, Cash Equivalents, and Restricted Cash

6 Months Ended

Jun. 30, 2022

Cash, Cash Equivalents, and Restricted Cash [Abstract]

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

NOTE 7 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

Cash, cash equivalents and restricted cash consisted of the following as of June 30, 2022, and December 31, 2021:

(Amounts in thousands)	June 30, 2022		December 31, 2021
Cash and cash equivalents	$	126	$	1,596
Restricted cash		35		277
Total	$	161	$	1,873

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 June 30, 2022 and December 31, 2021, respectively. During the six months ended June 30, 2022, restricted cash decreased by $242,000, including $195,000 of restricted cash which was released upon the sale of a building. The remainder of the restricted cash will be released as overseas leases expire in January and July of 2023. See Note 11 – Property and Equipment, Net for additional information related to the sale of the building.