v3.25.2
LEASES
6 Months Ended
Jun. 30, 2025
LEASES  
LEASES

NOTE 3 - LEASES

As of June 30, 2025, and December 31, 2024, total right-of-use assets was approximately $495 and $807 and the operating lease liabilities for remaining long term lease was approximately $476 and $720, respectively. In the six months ended June 30, 2025 and in the year ended December 31, 2024, the Company recognized approximately $342 and $324, respectively, in total lease costs. Variable lease costs for these periods were immaterial.

Supplemental cash flow and total lease cost information was as follows:

Six Months Ended

Six Months Ended

June 30, 

June 30, 

   

2025

   

2024

Cash payments for operating leases

342

 

331

Operating lease expense

338

 

328

Finance lease expense (income)

76

(4)

As of June 30, 2025, the Company’s operating leases had a weighted average remaining lease term of 1.08 years and a weighted average discount rate of 8.00%. Future lease payments under operating leases as of June 30, 2025 were as follows:

    

Operating

Leases

2025

 

291

2026

203

Total future lease payments

 

494

Less imputed interest

 

(18)

Total lease liability balance

476