v3.25.2
COMMITMENTS AND CONTINGENCIES, AND DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF LONG-TERM DEBT

 

   June 30,   December 31, 
   2025   2024 
(in thousands)          
DECD loan, net of issuance costs  $1,392   $1,507 
Less: Current portion, net of issuance costs   (232)   (229)
Total long-term debt, net of issuance costs  $1,160   $1,278 
SCHEDULE OF ANNUAL AMOUNTS OF FUTURE MINIMUM PRINCIPAL PAYMENTS DUE UNDER CERTAIN CONTRACTUAL OBLIGATIONS

 

   Payments Due by Period 
(in thousands)  Total   2025   2026   2027   2028   2029   Thereafter 
DECD Loan  $1,395   $117   $237   $145   $213   $217   $     466 
Total  $1,395   $117   $237   $145   $213   $217   $466 
SCHEDULE OF EXPENSE ASSOCIATED WITH OPERATING LEASES

The expense associated with these operating leases for the three months ended June 30, 2025 and 2024 is shown in the table below (in thousands).

 

     

Three Months Ended

June 30,

 
Lease Cost  Classification  2025   2024 
Operating rent expense             
   Cost of revenue  $37   $21 
   Research and development   24    14 
   Sales and marketing   -    2 
   General and administrative   11    18 
Variable rent expense             
   Cost of revenue   15    17 
              
       Cost of Revenue [Member]      
   Research and development   8    5 
   Sales and marketing   -    2 
   General and administrative   15    9 

 

The expense associated with these operating leases for the six months ended June 30, 2025 and 2024 is shown in the table below (in thousands).

 

      Six Months Ended June 30, 
Lease Cost  Classification  2025   2024 
Operating rent expense             
   Cost of revenue  $80   $48 
   Research and development   30    31 
   Sales and marketing   2    3 
   General and administrative   23    42 
Variable rent expense             
   Cost of revenue  $29   $22 
       Cost of Revenue [Member]      
   Research and development   10    5 
   Sales and marketing   2    4 
   General and administrative   24    18 
SCHEDULE OF FUTURE LEASE PAYMENTS RELATED TO OPERATING LEASES

Based on the Company’s leases as of June 30, 2025, the table below sets forth the approximate future lease payments related to operating leases with initial terms of one year or more (in thousands).

 

Year  Payments 
2025 (remaining six months)  $143 
2026   316 
2027   283 
2028   275 
2029   230 
Thereafter   397 
Total Operating Lease Payments   1,644 
Less: Imputed Interest   (309)
Present Value of Lease Liabilities   1,335 
Less: Unamortized Tenant Improvement Allowance   (74)
Less: Operating Lease Liability, current portion   (140)
Operating Lease Liability, non-current portion  $1,121 
SCHEDULE OF WEIGHTED-AVERAGE LEASE TERM AND DISCOUNT RATE

Weighted-average lease term and discount rate were as follows.

 

   Six Months Ended June 30, 
   2025   2024 
Cash paid for amounts included in measurement of lease liabilities:          
Operating cash outflows relating to operating leases  $180   $110 
Weighted-average remaining lease term (in years)   1.9    3.3 
Weighted-average discount rate   7.63%   7.28%