Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
SCHEDULE OF LESSEE OPERATING LEASE LIABILITY MATURITY

The following table provides details of our future minimum lease payments under operating lease liabilities recorded in our condensed consolidated balance sheet as of June 30, 2025. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

 

(in thousands)   Operating Leases
Remainder of 2025   $ 483  
2026     81  
Total minimum lease payments   $ 564  
Less: imputed interest     (11 )
Present value of minimum lease payments   $ 553  
Less: current portion     548  
Long-term portion   $ 5  
SCHEDULE OF LEASE COST

The following expenses related to our operating leases were included in “general and administrative” expenses within our condensed consolidated statements of operations and comprehensive loss:

 

(in thousands)   2025     2024  
    For the six months ended
June 30,
(in thousands)   2025   2024
Operating lease cost     736       457  
Variable lease cost                  
Total lease cost   $ 736     $ 457  

 

The table below presents lease-related terms and discount rates as of June 30, 2025:

 

    Operating Leases  
Weighted average remaining lease terms     0.50 years  
Weighted average discount rate     2.3 %