v3.26.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
LEASES  
Schedule of lease costs

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Year Ended December 31,

(in thousands)

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2025

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2024

Operating lease cost

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$

297

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$

293

Short-term lease cost

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40

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29

Total lease cost

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$

337

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$

322

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Year Ended December 31,

(in thousands)

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2025

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2024

Research and development

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$

328

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$

293

General and administrative

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9

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29

Total lease cost

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$

337

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$

322

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

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December 31, 

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December 31, 

(in thousands)

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2025

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2024

Assets

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Right of use assets - Operating Leases

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$

607

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$

120

Total lease assets

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$

607

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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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$

271

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$

47

Noncurrent liabilities:

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Lease liability, non-current - Operating Leases

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312

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25

Total lease liabilities

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$

583

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$

72

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

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Year Ended December 31,

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2025

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2024

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

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2.27

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1.47

Weighted average discount rate – operating leases

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10.64%

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10.31%

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

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December 31, 

(in thousands)

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2025

2026

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$

323

2027

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310

2028

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23

Total undiscounted lease payments

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656

Less imputed interest

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(73)

Total net lease liabilities

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$

583

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