Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
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 September 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   $ 248  
2026     81  
Total minimum lease payments   $ 329  
Less: imputed interest     (9 )
Present value of minimum lease payments   $ 320  
Less: current portion     319  
Long-term portion   $ 1  
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 nine months ended

September 30,

 
(in thousands)   2025     2024  
Operating lease cost     1,082       685  
Variable lease cost            
Total lease cost   $ 1,082     $ 685  

 

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

 

    Operating Leases  
Weighted average remaining lease terms     0.25 years  
Weighted average discount rate     2.3 %