NOTE 10 – LEASES

The Company leases office facilities under non-cancelable operating lease agreements that expire on various dates through April 2028.

As of June 30, 2026 and December 31, 2025, operating lease right-of-use assets were $257,000 and $365,000, respectively. Operating lease liabilities were $257,000 and $369,000, respectively, of which $167,000 and $215,000, respectively, were classified as current liabilities.

Operating lease cost was $64,000 and $299,000 for the three months ended June 30, 2026 and 2025, respectively, and $128,000 and $401,000 for the six months ended June 30, 2026 and 2025, respectively.