v3.25.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES  
SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES

As of December 31, 2024, the future minimum annual lease payments under the operating leases were as follows (in thousands):

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Total Minimum

​

​

​

Lease Payments

​

2025

    

$

429

​

Total operating lease payments

​

 

429

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Less: Amount representing interest

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(12)

​

Present value of net minimum lease payments

​

$

417

​

SCHEDULE OF COMPONENTS OF OPERATING LEASES

As the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date. The components of operating leases for the years ended December 31, 2024 and December 31, 2023 were as follows (in thousands except lease term and discount rate):

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​

​

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​

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December 31, 

​

December 31, 

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Operating lease liabilities:

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2024

    

2023

​

Current

​

​

417

​

​

420

​

Non-current

​

​

—

​

​

255

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Total lease liabilities

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$

417

​

$

675

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Weighted-average remaining lease term (in years)

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0.8

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1.5

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Weighted-average incremental borrowing rate

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6.4

%

 

6.0

%

SCHEDULE OF SUPPLEMENTAL CASH FLOW

Supplemental cash flow information related to cash paid for amounts included in the measurement of operating lease liabilities was as follows (in thousands):

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​

​

​

​

​

​

​

​

​

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Year ended December 31, 

 

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2024

    

2023

 

Cash paid included in operating cash flows

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$

507

​

$

442

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SCHEDULE OF OPERATING LEASE EXPENSE

Rent expense was as follows (in thousands):

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​

​

​

​

​

​

​

​

​

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Year ended December 31, 

 

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2024

    

2023

 

Operating lease

​

$

458

​

$

464

​

Short-term lease

​

 

165

​

 

—

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Total rent expense

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$

623

​

$

464

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​