LEASES (Tables)

6 Months Ended

Jun. 30, 2025

The following table provides a summary of the Company’s operating lease liabilities (in thousands):

SUMMARY OF OPERATING LEASE LIABILITIES

	June 30, 2025		December 31, 2024

Current operating lease liability	$	537	$	823
Non-current operating lease liability		3,978		3,262
Total operating lease liability	$	4,515	$	4,085

SCHEDULE OF COMPONENTS OF LEASE COST

The following table provides a summary of the components of lease costs and rent (in thousands):

SCHEDULE OF COMPONENTS OF LEASE COST

	2025		2024		2025		2024
	For the three months ended June 30,				For the six months ended June 30,
	2025		2024		2025		2024

Operating lease cost	$	380	$	328	$	752	$	662
Variable lease cost		79		122		195		196
Short-term lease cost		11		11		19		34
Total operating lease costs	$	470	$	461	$	966	$	892

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, related to the Company’s operating lease liabilities as of June 30, 2025 were as follows (in thousands):

Future minimum lease payments and obligations	Operating Leases

2025, remainder	$	—
2026		1,102
2027		1,146
2028		1,172
2029		1,199
Thereafter		1,225
Total undiscounted operating lease payments		5,844
Less: imputed interest		1,329
Present value of operating lease liabilities	$	4,515

SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

Future cash receipts from the Company’s sublease agreements as of June 30, 2025 are as follows (in thousands):

	Operating
Future cash receipts	Subleases

2025, remainder	$	140
Total future cash receipts	$	140

ABEONA THERAPEUTICS INC. 10-Q