Inmune Bio, Inc. Leases Disclosure
NOTE 6 – LEASE
In September 2021, the Company signed a lease with a third party for office space in Boca Raton, Florida. The lease agreement has a 64-month term and commenced during the fourth quarter of 2021.
Below is a summary of the Company’s right-of-use assets and liabilities:
| (in thousands, except years and rate) | December 31, 2024 | December 31, 2023 | ||||||
| Right-of-use asset | $ | 307 | $ | 414 | ||||
| Operating lease, current liability | 140 | 119 | ||||||
| Long-term operating lease liability | 244 | 397 | ||||||
| Total lease liability | $ | 384 | $ | 516 | ||||
| Weighted-average remaining lease term | 2.3 years | 3.3 years | ||||||
| Weighted-average discount rate | 12.0 | % | 12.0 | % | ||||
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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.