Company: ARTL
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001640334-25-002022
Chunk: 21

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 amended agreement with the landlord to extend the lease commencing in September 2024, and effective until August 2027. The following summarizes right-of use asset and lease information about the Company’s operating leases as of September 30, 2025:   Nine Months Ended   September 30,   2025  2024        Lease cost      Operating lease cost $26  $24          Other information        Cash paid for operating cash flows from operating leases $26  $22 Right-of-use assets obtained in exchange for new operating lease liability $-  $111          Weighted-average remaining lease term — operating leases (year)  1.83   2.83 Weighted-average discount rate — operating leases  7.50%  7.50%

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Future minimum lease payments under the operating lease liability have non-cancellable lease payments at September 30, 2025, as follows:   Total Year Ended December 31,   2025 $11 2026  43 2027  30 2028  - Thereafter  -    84 Less: Imputed interest  (5)Operating lease liabilities  79      Operating lease liability - current  39 Operating lease liability - non-current $40 

NOTE 10 – COMMITMENTS AND CONTINGENCIES The Company has certain financial commitments relating to research and development contracts as of September 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, USA. 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.

NOTE 11 – SUBSEQUENT EVENTS On October 1, 2025, the Company closed