LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Leases

SCHEDULE OF OPERATING LEASE COST

The components of lease expense and other lease information as of and during the three-month periods ended March 31, 2026 and 2025 are as follows:

SCHEDULE OF OPERATING LEASE COST

		For the Three-Month Period				For the Three-Month Period
(in thousands)		Ended March 31, 2026				Ended March 31, 2025
Operating Lease Cost ⁽¹⁾		$	29			$	28

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	29			$	28

(1)

Includes short-term leases

SCHEDULE OF OTHER LEASE INFORMATION

SCHEDULE OF OTHER LEASE INFORMATION

(in thousands)		At March 31, 2026				At December 31, 2025
Operating lease right-of-use assets		$	89			$	43

Operating lease liabilities		$	89			$	43

Weighted-average remaining lease term - operating leases			0.81 years				0.75 years

Weighted-average discount rate - operating leases			8.42	%			9.50	%

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT

Future minimum lease payments under non-cancellable leases as of March 31, 2026 and December 31, 2025, reconciled to our discounted operating lease liability presented on the consolidated balance sheets are as follows:

(in thousands)		At March 31, 2026				At December 31, 2025

2026			86				39
2027			6				6
Total future minimum lease payments		$	92			$	45

Less imputed interest			(3	)			(2	)
Total operating lease liability		$	89			$	43