Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 25

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 $1,110 
 Cash paid for operating leases  $447  $445  $1,365  $1,209 

   The table below reconciles the aggregate cash payment obligations for the next five years and total of the remaining years for the operating lease liability recorded in the Consolidated Balance Sheets as of  September 30, 2025:

       Cash  
   Payment  
 As of September 30, 2025   Obligations  
 Remaining in 2025  $332 
 2026   1,356 
 2027   1,397 
 2028   1,296 
 2029   1,389 
 Thereafter   1,066 
 Total lease payments   6,836 
 Imputed interest   (1,418)
 Total minimum lease payments  $5,418 

   13. Accounts Payable and Accrued liabilities
    
   The components of accounts payable and accrued liabilities are summarized below:

       September 30,    December 31,  
   2025    2024  
 Accounts payable  $2,884  $2,378 
 Accrued liabilities   1,842   1,959 
Lease liabilities, current  869   781 
 Total accounts payable and other accrued liabilities  $5,595  $5,118 

   14. Reorganization
    
   On  February 26, 2025, the Company announced a reduction of its global workforce to streamline the Company’s team structure to better align with its long-term growth initiatives and profitability objectives. All associated costs with the reorganization are recorded as “operating expenses” in the Consolidated Statements of Operations and Comprehensive Loss. Corresponding liabilities are recorded as “accrued liabilities” in the Consolidated Balance Sheets. During the nine months ended  September 30, 2025, the Company incurred cash severance costs totaling $3,230, reported as “cash compensation” in Note 4 Segment Information, including $1,622 related to research, development and engineering, $980 related to sales and marketing, and $628 related to general and administration. 
    
   The following table provides the details of costs and liabilities associated with the reorganization announced on  February 26, 2025:

     Balance at December 31, 2024  $—