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

 

   June 30, 2026   December 31, 2025 
Weighted-average remaining lease term   49 months    55 months 
Weighted-average discount rate   7.60%   7.60%
SCHEDULE OF OPERATING LEASE

As of June 30, 2026 and December 31, 2025, the Company recognized the following related to its operating lease:

 

Description  June 30, 2026   December 31, 2025 
   (in thousands) 
Lease expense  $191   $254 
ROU asset – gross   834    833 
Less: Accumulated amortization   (131)   (58)
ROU asset – net  $703   $775 
Lease liability - current   144    135 
Lease liability – non-current   573    647 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Future minimum lease payments under the non-cancellable operating lease as of June 30, 2026 and December 31, 2025, are as follows:

 

Year  June 30, 2026   December 31, 2025 
   (in thousands) 
2026  $96   $190 
2027   197    197 
2028   205    205 
2029   213    213 
2030   128    128 
Total lease payments   839    933 
Less: imputed interest   (122)   (151)
Present value of lease liability  $717   $782