v3.26.1
LEASE
6 Months Ended
Jun. 30, 2026
LEASE  
LEASE

NOTE 9 – LEASE

 

On May 12, 2021, the Company entered into a lease arrangement for office space in the U.S. On March 6, 2024, the Company entered into an amended agreement with the landlord to extend the lease commencing in September 2024, and effective until August 2027.

 

The following summarizes right-of-use asset and lease information about the Company’s operating leases as of June 30, 2026:

 

 

 

Six months ended

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$18

 

 

$17

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

Cash paid for operating cash flows from operating leases

 

$19

 

 

$17

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term — operating leases (year)

 

 

1.08

 

 

 

2.08

 

Weighted-average discount rate — operating leases

 

 

7.50%

 

 

7.50%

 

Future minimum lease payments under the operating lease liability have non-cancellable lease payments at June 30, 2026, as follows:

 

 

 

Total

 

Year Ended December 31,

 

 

 

2026

 

$22

 

2027

 

 

30

 

2028

 

 

-

 

2029

 

 

-

 

Thereafter

 

 

-

 

 

 

 

52

 

Less: Imputed interest

 

 

(3)

Operating lease liabilities

 

 

49

 

 

 

 

 

 

Operating lease liability - current

 

 

42

 

Operating lease liability - non-current

 

$7