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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2025
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 5 — COMMITMENTS AND CONTINGENCIES

Litigation

We may become involved in various routine disputes and allegations incidental to our business operations. While it is not possible to determine the ultimate disposition of these matters, management believes that the resolution of any such matters, should they arise, is not likely to have a material adverse effect on our financial position or results of operations.

Operating Leases

The Company has operating leases for office space in Tucson, Arizona, and New York, New York. The following summarizes the total lease liabilities and remaining future minimum lease payments at September 30, 2025 (in thousands):

Year ending December 31, 

Operating Leases

2025 (3 months remaining)

$

55

2026

225

Total minimum lease payments

 

280

Less: present value discount

 

(11)

Total lease liabilities

$

269

Current portion of lease liabilities

$

213

Long term portion of lease liabilities

$

56