Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 31

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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. The Company has established investment guidelines that seek to mitigate significant exposure
to market risk.

    21

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited)

September
30, 2025

14.
LEASES

Operating
lease right-of-use assets and operating lease liabilities are disclosed as line in the consolidated balance sheets. We determine if a
contract contains a lease at inception and recognize operating lease right-of-use assets and operating lease liabilities based on the
present value of the future minimum lease payments at the commencement date. As our leases do not provide an implicit rate, we use our
incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments.
Lease agreements that have lease and non-lease components, are accounted for as a single lease component. Lease expense is recognized
on a straight-line basis over the lease term.

The
Company has two operating lease obligations for the Company’s office facilities located at Suite 201, 42 Edward Street Grand Cayman,
Cayman Islands, and its residential lease at Turnberry Villas in Grand Cayman, Cayman Islands. The office lease has a remaining lease
term of approximately twenty (20) months and includes an option to extend the lease. Under the terms of the lease, the Company also has
the right to terminate the lease after twenty four (24) months upon giving appropriate notice in writing to the Lessor. The residential
lease has a remaining lease term of approximately three (3) months.

The
components of lease expense and other lease information as of and during the nine-month periods ended September 30, 2025 and 2024 are
as follows:

SCHEDULE
OF OPERATING LEASE COST

    For
                                            the Nine-Month
                                            Period  
    For
                                            the Nine-Month
                                            Period 
  
    (in
    thousands) 
    Ended September
                                            30, 2025  
    Ended September
                                            30, 2024 
  
    Operating Lease
    Cost (1) 
    $86  
    $80 

    Cash paid for amounts included in the measurement
    of lease liabilities 

    Operating cash flows from operating leases 
    $86  
    $80 

    (1)
    Includes
    short-term leases

SCHEDULE
OF OTHER LEASE INFORMATION

    (in thousands) 
    At