Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases  
SCHEDULE OF LEASE RELATED ASSETS AND LIABILITIES

The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:

 

    Classification on the Balance Sheet   June 30, 2025     December 31, 2024  
                 
Assets                    
Operating lease assets   Operating lease right of use assets     1,420       1,613  
Total lease assets       $ 1,420     $ 1,613  
                     
Liabilities                    
Current                    
Operating lease liabilities   Other accrued expenses     406       383  
Total current lease liabilities       $ 406     $ 383  
Noncurrent                    
Operating lease liabilities   Operating lease liabilities, net of current portion     974       1,183  
Total long-term lease liabilities         974       1,183  
Total lease liabilities       $ 1,380     $ 1,566  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

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:

 

    Operating Leases  
2025 - remaining six months   $ 275  
2026     550  
2027     550  
2028     275  
Total minimum lease payments     1,650  
Less: amount of lease payments representing effects of discounting     270  
Present value of future minimum lease payments     1,380  
Less: current obligations under leases     406  
Long-term lease obligations   $ 974