|6 Months Ended|
Jun. 30, 2020
NOTE 9. LEASES
We have operating leases for our corporate office, two satellite facilities in the state of Washington, and for certain equipment. We account for lease components (such as rent payments) separately from the non-lease components (such as common-area maintenance costs, real estate and sales taxes and insurance costs). The discount rate represents the interest rate implicit in each lease or our incremental borrowing rate at lease commencement date.
As of June 30, 2020, our leases have remaining lease terms ranging from zero months to 24 months.
Supplemental balance sheet information related to leases is as follows:
The components of lease expense are as follows:
Supplemental cash flow information related to leases is as follows:
As of June 30, 2020, future maturities of our operating lease liabilities are as follows:
On July 3, 2020 we entered into a new 75-month lease for our corporate headquarters in Las Vegas. Pursuant to the new lease, we will occupy approximately 14,000 square feet of office and warehouse space. The lease commences on October 1, 2020, with rent abated through the remainder of 2020. Beginning in January 2021, we will commence paying rent and common area charges in an amount that is approximately equal to what we are paying pursuant to our current lease.
Disclosure of accounting policy for leasing arrangement entered into by lessee.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef