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RIGHT-OF-USE ("ROU") ASSETS AND LEASES LIABILITIES
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
RIGHT-OF-USE ("ROU") ASSETS AND LEASES LIABILITIES

7. RIGHT-OF-USE (“ROU”) ASSETS AND LEASES LIABILITIES

 

The Company has operating leases for its corporate offices, including its Palo Alto, California lease agreement which expires on April 30, 2026 and a warehouse lease agreement in Guilford, Connecticut which expires on February 28, 2026. As of March 31, 2025 and December 31, 2024, the balance of operating lease ROU assets of $280 and $341, respectively, current lease liabilities of $263 and $269, respectively, and non-current lease liabilities of $16 and $78, respectively, are included in the Company's condensed consolidated balance sheets in other long term assets, accrued expenses and other current liabilities, respectively.

The weighted-average remaining lease term associated with the measurement of our operating lease obligations is 13 months and an annual weighted-average discount rate is 9.13%.

Future minimum commitments due under the lease agreements as of March 31, 2025 are $202 for 2025 and $78 thereafter.