BeyondSpring Inc. Leases Disclosure
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10. |
Leases |
The Company’s continuing operations has operating leases for offices in the U.S. and China. Total expenses incurred under these operating leases for the years ended December 31, 2024 and 2025 were $267 and $281, respectively. Total expenses incurred under short-term leases for the years ended December 31, 2024 and 2025 were $31 and $1, respectively. The short-term lease commitments were as of December 31, 2025.
Maturities of operating lease liabilities as of December 31, 2025 are as follows:
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$ |
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Year ending December 31, 2026 |
332 | |||
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Total lease payments |
332 | |||
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Less: imputed interest |
(12 | ) | ||
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Present value of lease liabilities |
320 | |||
Other supplemental information related to leases is summarized below:
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Year ended December 31, |
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2024 |
2025 |
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Operating cash flows used in operating lease |
$ | 295 | 410 | |||||
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As of December 31, |
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| 2024 | 2025 | |||||||
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Weighted average remaining lease term (years) |
2.16 | 1.20 | ||||||
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Weighted average discount rate |
5.1 | % | 5.0 | % | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 25, 2026 | Showing above |
| 2024 | Mar 27, 2025 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.