Quarterly report [Sections 13 or 15(d)]

OPERATING LEASES

v3.25.3
OPERATING LEASES
 9 Months Ended
Sep. 30, 2025
Operating Leases  
OPERATING LEASES

7. OPERATING LEASES

 

The components of lease expense and supplemental cash flow information related to leases for the period are as follows:

 

    2025     2024  
    Nine Months Ended September 30,  
    2025     2024  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 227     $ 102  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 115     $ 68  
Weighted average remaining lease term – operating leases (in years)     1.78       2.00  
Weighted average discount rate – operating leases     6.7 %     9.0 %

 

 

    September 30, 2025     December 31, 2024  
Operating leases                
Right-of-use assets   $ 239     $ 340  
                 
Short-term operating lease liabilities   $ 143     $ 124  
Long-term operating lease liabilities     104       222  
Total operating lease liabilities   $ 247     $ 346  

 

Year ending   Operating Leases  
2025 remaining   $ 41  
2026     143  
2027     71  
2028     6  
2029 and thereafter     -  
Total lease payments     261  
Less: Imputed interest/present value discount     (14 )
Present value of lease liabilities   $ 247