LEASES |
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Sep. 30, 2025 |
Dec. 31, 2024 |
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| LEASES | 9. LEASES
Office and Warehouse Leases and Sublease
The components of net operating lease expenses, recorded within operating expenses on the Company's condensed consolidated statements of operations for the three and nine months ended September 30, 2025, and 2024, were as follows:
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10. LEASES
Office and Warehouse Leases
During the years ended December 31, 2024, and 2023, the Company was a lessee as well as a sublessor for a certain office space lease. No residual value guarantees have been provided by the sublessee. For the years ended December 31, 2024, and 2023, the Company recognized income related to the sublease of $91,000 and $84,000, respectively. The sublease expired November 30, 2024. Fixed sublease payments received are recognized on a straight-line basis over the sublease term and netted against operating lease expenses.
The Company leases offices and warehouse space under operating leases requiring periodic payments. The following table provides a summary of leases by balance sheet category as of December 31, 2024, and 2023:
The components of lease expenses recorded within operating expenses on the Company’s consolidated statements of operations for the years ended December 31, 2024, and 2023, were as follows:
The following tables provides a summary of other information related to leases for the year ended December 31, 2024:
Payments due by period of lease liabilities under the Company’s non-cancellable operating lease as of December 31, 2024, were as follows:
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