Quarterly report [Sections 13 or 15(d)]

OPERATING LEASE OBLIGATIONS (Tables)

v3.25.3
OPERATING LEASE OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2025
OPERATING LEASE OBLIGATIONS  
Schedule of rent expense and quantitative information

    

Three-Month Periods Ended

Nine-Month Periods Ended

September 30, 

September 30, 

($’s in thousands)

2025

    

2024

    

2025

    

2024

Operating lease cost

$

25

$

24

$

75

$

72

Variable lease cost

 

2

1

5

4

Total lease cost

$

27

$

25

$

80

$

76

    

Three-Month Periods Ended

Nine-Month Periods Ended

September 30, 

September 30, 

($’s in thousands)

    

2025

    

2024

    

2025

    

2024

Cash paid for amounts included in the measurement of lease liabilities

$

26

$

26

$

68

$

77

Weighted-average remaining lease term - operating leases

 

1.4

 

0.3

 

1.4

 

0.3

Weighted-average discount rate - operating leases

 

7.35

%

 

6.25

%

 

7.35

%

 

6.25

%

Schedule of operating lease liability

As of September 30, 2025, future minimum lease payments under lease agreements associated with the Company’s operations were as follows:

$’s in thousands

    

Remainder of 2025

$

26

2026

 

105

2027

 

18

Total lease payments

 

149

Less: present value discount

 

(7)

Total operating lease liabilities

$

142