Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 32

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 September
                                            30, 2025  
    At December
                                            31, 2024 
  
    Operating lease right-of-use assets 
    $70  
    $148 

    Operating lease liabilities 
    $70  
    $148 

    Weighted-average remaining lease term - operating
    leases 
     1.12
                                            years  
     1.18
                                            years 

    Weighted-average discount rate - operating
    leases 
     9.24% 
     9.03%

Future
minimum lease payments under non-cancellable leases as of September 30, 2025 and December 31, 2024, reconciled to our discounted operating
lease liability presented on the consolidated balance sheets are as follows:

SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENT

    (in
    thousands) 
    At September
                                            30, 2025  
    At December
                                            31, 2024 

    2025 
    $-  
    $114 
  
    Remainder of 2025 
     29  
     - 
  
    2026 
     39  
     39 
  
    2027 
     6  
     6 
  
    Total future minimum lease payments 
    $74  
    $159 

    Less imputed interest 
     (4) 
     (11)
  
    Total operating lease
    liability 
    $70  
    $148 

    22

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited)

September
30, 2025

15.
RELATED PARTY TRANSACTIONS

EpsilonCat
Re Tokens

During
the year ended December 31, 2024, Mr. Jay Madhu, a director and officer of the Company and its subsidiaries, entered into subscription
agreement to purchase a total of 9,245 Series Epsilon Cat Re tokens at a purchase price of $10.00 per token for aggregate gross proceeds
of $92,447. Ownership of EpsilonCat Re tokenized reinsurance securities indirectly conferred fractionalized interests in reinsurance
contracts underwritten by Oxbridge Re NS for the 2024-2025 treaty year.

HCI
and Tailrow Insurance exchange (“HCI”) Contract

During
the nine-month period ended September