Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 24

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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after   1,066 
 Total lease payments   7,167 
 Imputed interest   (1,550)
 Total minimum lease payments  $5,617 

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

       June 30,    December 31,  
   2025    2024  
 Accounts payable  $2,986  $2,378 
 Accrued liabilities   1,650   1,959 
 Short term lease obligation   838   781 
 Total accounts payable and other accrued liabilities  $5,474  $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 six months ended  June 30, 2025, the Company incurred cash severance costs totaling $3,217, reported as “cash compensation” in Note 4 Segment Information, including $1,631 related to research, development and engineering, $958 related to sales and marketing, $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  $— 
 Costs incurred   3,217 
 Cash paid   (3,008)
 Balance at June 30, 2025  $209 

   15. Other Income
    
   The following table provides activity in other income, net:

       Three Months Ended June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 Interest income  $178  $611  $432  $985 
 Refundable tax credit   —   125   87   250 
 Foreign currency gains (losses)   32   (13)  60