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Cash, Cash Equivalents, and Restricted Cash
6 Months Ended
Jun. 30, 2019
Cash, Cash Equivalents, and Restricted Cash  
Cash, Cash Equivalents, and Restricted Cash

Note 4. Cash, Cash Equivalents, and Restricted Cash

Cash, cash equivalents, and restricted cash in the consolidated condensed balance sheets are comprised of the following as of June 30, 2019 and December 31, 2018:

 

 

 

 

 

 

 

 

 

    

June 30, 2019

    

December 31, 2018

Cash denominated in United States dollars

 

$

276

 

$

2,000

Cash denominated in currency other than United States dollars

 

 

1,269

 

 

1,143

Restricted cash

 

 

429

 

 

487

Credit and debit card receivables

 

 

714

 

 

260

Total cash, cash equivalents, and restricted cash

 

$

2,688

 

$

3,890

 

Cash denominated in Unites States dollars decreased from December 31, 2018 primarily due to increased capital expenditures to renovate spas and to open new spas, distributions to the Company's noncontrolling interest investees and payments made on the Senior Secured Notes. Credit and debit card receivables balance increased due to the timing of payments from credit card companies at the end of June 2019.

 

Restricted cash represents balances at financial institutions to secure bonds and letters of credit as required by the Company’s various lease agreements.