LEASES |
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| LEASES |
7. LEASES
The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:
The weighted average remaining lease term for the Company’s operating lease was 3.0 years as of June 30, 2025 and the weighted average discount rate for that lease was 12.0%. Total operating lease expense from continuing operations under these agreements for the three months ended June 30, 2025 and 2024 was approximately $0.1 million and $0.2 million, respectively, and for both the six months ended June 30, 2025 and 2024 was approximately $0.3 million, respectively. Total cash paid under these agreements for the six months ended June 30, 2025 and 2024 was approximately $0.3 million and $0.4 million, respectively. The Company’s operating lease expenses are recorded within “Cost of revenue” and “General and administrative expenses.”
The table below reconciles the cash flows to the lease liabilities recorded on the Company’s Condensed Consolidated Balance Sheet as of June 30, 2025:
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