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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 13. Leases The Company’s leases consist of restaurant locations and corporate offices. We determine if a contract contains a lease at inception. The leases generally have remaining terms of 1-5 years and most leases included the option to extend the lease for an additional 5 years. The total lease cost associated with right of use assets and operating lease liabilities was $11.0 thousand and $37.0 thousand for the three months ended September 30, 2025 and 2024, respectively, and $36.0 thousand and $0.2 million for the nine months ended September 30, 2025 and 2024, respectively, and has been recorded in the Unaudited Condensed Consolidated Statement of Operations and Other Comprehensive Income / (Loss) as Cost of goods sold. The assets and liabilities related to the Company’s leases were as follows:
| As of
| September 30, 2025 |  | December 31, 2024
| $’000 |  | $’000
Assets |  |  |
Total lease assets | 116 |  |  | 132 |
Right to use asset | 116 |  |  | 132 |
Liabilities |  |  |
Total lease liabilities | 118 |  |  | 272 |
Transferred to liabilities held for sale | — |  |  | (138) |
Operating leases – current | 26 |  |  | 23 |
Operating leases – non-current | 92 |  |  | 111 |
The table below presents the future minimum lease payments under the noncancellable operating leases as of September 30, 2025:
| Total |  |  |  |
| $’000 |  |  |  |
Fiscal Year: |  |  |  |  |
10/01/2025-09/30/2026 | 45 |  |  |  |  |
10/01/2026-09/30/2027 | 45 |  |  |  |  |
10/01/2027-09/30/2028 | 45 |  |  |  |  |
10/01/2028-09/30/2029 | 23 |  |  |  |  |
10/01/2029-09/30/2030 | — |  |  |  |  |
Thereafter | — |  |  |  |  |
Total lease payments | 158 |  |  |  |  |
Less imputed interest | (40) |  |  |  |  |
Present value of lease liabilities | 118 |  |  |  |  |
The Company’s lease term and discount rates were as follows:
| As of September 30, 2025
Weighted-average remaining lease term (in years) |
Operating leases | 3.53
Weighted-average discount rate |
Operating leases | 18.0 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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