v3.25.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2025
LEASES  
Schedule of lease costs

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

(in thousands)

    

2025

    

2024

    

2025

    

2024

Operating lease cost

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$

83

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$

58

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$

224

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$

193

Short-term lease cost

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13

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5

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25

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11

Total lease cost

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$

96

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$

63

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$

249

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$

204

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

(in thousands)

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2025

    

2024

    

2025

    

2024

Research and development

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$

95

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$

58

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$

243

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$

193

General and administrative

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1

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5

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6

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11

Total lease cost

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$

96

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$

63

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$

249

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$

204

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Schedule of right of use lease assets and lease liabilities for operating leases

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September 30, 

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December 31, 

(in thousands)

    

2025

    

2024

Assets

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Right of use assets - Operating Leases

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$

663

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$

120

Total lease assets

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$

663

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$

120

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Liabilities

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Current liabilities:

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Lease liability, current - Operating Leases

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$

274

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$

47

Noncurrent liabilities:

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Lease liability, non-current - Operating Leases

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376

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25

Total lease liabilities

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$

650

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$

72

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Schedule of operating lease cash flow information

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September 30, 

(in thousands)

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2025

    

2024

Operating cash outflows from operating leases

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$

145

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$

166

Supplemental non-cash amounts of operating lease liabilities arising from obtaining right of use assets

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$

706

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$

82

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Schedule of weighted average remaining lease term and weighted average discount rate for operating leases

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September 30, 

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2025

Weighted average remaining lease term (in years) – operating leases

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2.5

Weighted average discount rate – operating leases

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10.64%

Schedule of remaining maturities of operating leases, excluding short-term leases

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September 30, 

(in thousands)

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2025

2025

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$

80

2026

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328

2027

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309

2028

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23

Total undiscounted lease payments

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740

Less imputed interest

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(90)

Total net lease liabilities

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$

650

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