Note 12 - Leases

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

Note 12. Leases

Office Leases

We have long-term operating leases for office, industrial and laboratory space in Westminster, California, Oak Ridge, Tennessee, and Alberta, Canada. Payments made under operating leases are charged to the condensed consolidated statement of operations and comprehensive loss on a straight-line basis over the term of the operating lease agreement. Short-term leases less than one-year are not included in our analysis. For the three and nine months ended September 30, 2025, rental expense totaled $72,000 and $264,000; and for the three and nine months ended September 30, 2024, rental expense totaled $92,000 and $268,000   The lease of our Westminster facility expires  August 2027.  In August 2025, Clyra Medical entered into a 5-year office lease. The 5-year lease added $184,000 to our right of use and lease liability and on our September 30, 2025, condensed consolidated balance sheets. The lease of our Canadian facility is less than one year. None of our leases have additional terms related to the payments or mechanics of the lease. The leases have no additional payment terms such as common area maintenance payments, tax sharing payments or other allocable expenses. Likewise, the leases do not contain other terms and conditions of use, such as variable lease payments, residual value guaranties or other restrictive financial terms. Since there is no explicit interest rate in our leases, management used its incremental borrowing rate, which is estimated to be 18% to determine lease liability.  As of September 30, 2025, the weighted average remaining lease term for our operating leases was six years and the total remaining operating lease payments is $1,788,000. 

Future minimum lease payments under noncancelable leases, reconciled to the Company’s discounted operating lease liabilities are as follows:

	BioLargo
Year ending	Corp / ONM			CLYRA			BLEST			Total
December 31, 2025	$	41		$	11		$	40		$	92
December 31, 2026		166			58			160			384
December 31, 2027		113			59			163			335
December 31, 2028		—			60			166			226
December 31, 2029		—			61			170			231
Thereafter		—			36			484			520
Total minimum lease payments	$	320		$	285		$	1,183		$	1,788
Less imputed interest		(51	)		(104	)		(522	)		(677	)
Total operating lease liabilities	$	269		$	181		$	661		$	1,111