Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 23

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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 30,    December 31,  
   2025    2024  
 Lease right of use assets  $3,458  $3,659 
 Lease liabilities, current  $838  $781 
 Lease liabilities, long-term  $4,779  $5,213 
         
 Weighted-average remaining life (in years)   5.2   5.7 
 Weighted-average discount rate   9%  9%

   The current lease liabilities are included in “accounts payable and other accrued liabilities” in the Consolidated Balance Sheets.
    
   The carrying value of the lease right of use assets is evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset  may not be recoverable. No impairment charges were recorded for the three and six months ended  June 30, 2025 and 2024. 

       17

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

        (UNAUDITED)

   Operating lease expense is included in “operating expenses” in the Consolidated Statements of Operations and Comprehensive Loss and in “cash flows from operating activities” in the Consolidated Statements of Cash Flows. The operating leases include variable lease payments, which are included in operating lease expense. Additional details of the Company’s operating leases are presented in the following table:

       Three Months Ended June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 Operating lease expense  $373  $318  $742  $747 
 Cash paid for operating leases  $466  $496  $918  $764 

   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  June 30, 2025:

       Cash  
   Payment  
 As of June 30, 2025   Obligations  
 Remaining in 2025  $663 
 2026   1,356 
 2027   1,397 
 2028   1,296 
 2029   1,389 
 There