v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases  
SCHEDULE OF OPERATING LEASE COST

The components of lease expense and other lease information as of and during the six-month periods ended June 30, 2026 and 2025 are as follows:

 

  

For the

Six-Month Period

  

For the

Six-Month Period

 
(in thousands) 

Ended

June 30, 2026

  

Ended

June 30, 2025

 
Operating Lease Cost (1)  $57   $57 
           
Cash paid for amounts included in the measurement of lease liabilities          
Operating cash flows from operating leases  $57   $57 

 

  (1) Includes short-term leases
SCHEDULE OF OTHER LEASE INFORMATION

 

(in thousands) 

At

June 30, 2026

  

At

December 31, 2025

 
Operating lease right-of-use assets  $62   $43 
           
Operating lease liabilities  $62   $43 
           
Weighted-average remaining lease term - operating leases   0.57 years    0.75 years 
           
Weighted-average discount rate - operating leases   8.46%   9.50%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT

Future minimum lease payments under non-cancellable leases as of June 30, 2026 and December 31, 2025, reconciled to our discounted operating lease liability presented on the consolidated balance sheets are as follows:

 

(in thousands) 

At

June 30, 2026

  

At

December 31, 2025

 
         
2026  $58   $39 
2027   6    6 
Total future minimum lease payments  $64   $45 
           
Less imputed interest   (2)   (2)
Total operating lease liability  $62   $43