LEASES

12 Months Ended

Dec. 31, 2024

Leases

LEASES

NOTE 9 - LEASES

The Company currently has a 3-year lease for its offices, with an option to extend for another 3 years. In January 2024, the lease was amended, extending the term to March 31, 2030. This amendment resulted in an increase of $637 in Lease Liability and Operating Lease Right-of-Use Asset due to lease modification. The Company also leases several vehicles, each for a 3-year term.

Eye-Net had a lease for its offices with an option to extend for an additional 3 years, which was not exercised. As a result, the lease ended on December 15, 2024, leading to a decrease of $479 in Lease Liability and Operating Lease Right-of-Use Asset due to lease modification. The Company has no finance leases.

Supplemental cash flow information related to operating leases was as follows:

	Year Ended December 31,
	2024		2023		2022
Cash payments for operating leases	$	546	$	537	$	550
Lease operating expenses	$	355	$	562	$	588
New operating lease assets obtained in exchange for operating lease liabilities	$	1,734	$	154	$	—

As of December 31, 2024, the Company’s operating leases had a weighted average remaining lease term of 5.2 years and a weighted average discount rate of 8%. Future lease payments under operating leases as of December 31, 2024, were as follows:

	Operating Leases
2025		399
2026		363
2027		349
2028		349
2029		349
2030		87
Total future lease payments		1,896
Less imputed interest		335
Total lease liability balance		1,561