LEASES |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES | 5. LEASES The Company has an operating lease for approximately five hundred square feet of corporate office space. The weighted-average remaining lease term as of December 31, 2025 was . The weighted-average discount rate utilized on our operating lease liabilities as of December 31, 2025 was 9.00%. Operating leases are included in operating lease ROU assets, operating lease liabilities, and operating lease liabilities, noncurrent in our consolidated balance sheets as of December 31, 2025 and 2024. The following table summarizes the presentation of the Company’s operating lease as presented on the consolidated balance sheets:
Future minimum lease payments from December 31, 2025 until the expiration of the operating lease are as follows:
The Company incurred $0.2 million in operating lease rent expense for both years ended December 31, 2025 and 2024. Lease payments made were $0.2 million and $0.3 million for the years ended December 31, 2025 and 2024, respectively, with such amounts reflected on the consolidated statements of cash flows in operating activities.
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