v3.25.4
Operating Leases - Right-of-Use Assets and Lease Liability Obligations (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Right-of-use Assets and Lease Liabilities Below is a summary of the Company’s ROU assets and lease liabilities as of December 31, 2025 and December 31, 2024 (in thousands, except for years and %):

 

 

 

 

 

 

 

 

 

 

 

December 31,
2025

 

 

 

December 31,
2024

 

 

Right of use assets

 

$

85

 

 

 

$

1,003

 

 

 

 

 

 

 

 

 

 

 

Lease liability obligations, current

 

$

137

 

 

 

$

489

 

 

Lease liability obligations, less current portion

 

 

 

 

 

 

630

 

 

Total lease liability obligations

 

$

137

 

 

 

$

1,119

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term

 

0.25 years

 

 

 

2.57 years

 

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

 

6.28

 

%

 

 

3.65

 

%

Office Space [Member]  
Schedule of Future Minimum Lease Payments

Approximate future minimum lease payments for the Company’s right-of-use assets over the remaining lease period as of December 31, 2025 are as follows (in thousands):

 

 

 

 

2026

 

 

139

 

2027

 

 

 

Total minimum lease payments

 

$

139

 

Less: amount representing interest

 

$

(2

)

Total lease liability obligations

 

$

137