Company: ARTL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001640334-25-001429
Chunk: 404

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 404
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 until August 2027. The following summarizes right-of use asset and lease information about the Company’s operating leases as of June 30, 2025:   Six months ended   June 30,   2025  2024        Lease cost      Operating lease cost $17  $16          Other information        Cash paid for operating cash flows from operating leases $17  $14 Right-of-use assets obtained in exchange for new operating lease liability $-  $111          Weighted-average remaining lease term — operating leases (year)  2.08   3.33 Weighted-average discount rate — operating leases  7.50%  7.50% Future minimum lease payments under the operating lease liability have non-cancellable lease payments at June 30, 2025, as follows:   Total Year Ended December 31,   2025 $21 2026  43 2027  30 2028  - Thereafter  -    94 Less: Imputed interest  (6)Operating lease liabilities  88      Operating lease liability - current  38 Operating lease liability - non-current $50 

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NOTE 9 – COMMITMENTS AND CONTINGENCIES The Company has certain financial commitments relating to research and development contracts as of June 30, 2025, as follows:  ·The Company is invoiced monthly and quarterly in connection with several research and development contracts. ·The Company may be obligated to make additional payments related to research and development contracts entered into, dependent on the progress and milestones achieved through the programs. ·The Company’s principal executive office is currently located at 505 Lomas Santa Fe Drive, Suite 160, Solana Beach, CA, US. Additionally, we have an office outside Manchester, UK, which serves as administrative spaces for managing our subsidiaries, Trinity Reliant Ventures, Ltd (Ireland) and Artelo Biosciences Limited (UK). We do not currently own any properties, laboratories, or manufacturing facilities. The Solana Beach lease runs through August 2027 and the Manchester UK lease is month-to-month. ·The Company agreed that $250 of the proceeds of the financing closed June 26, 2025, will be used to purchase SOL.

NOTE 10 – SUB