Tenon Medical, Inc. Leases Disclosure
8. Leases
In June 2021, the Company entered into a facility lease agreement for its company headquarters in Los Gatos, California. This non-cancellable operating lease expires in June 2026. Operating lease costs for the facility lease were $292 and $292 for the years ended December 31, 2025 and 2024, respectively.
Supplemental balance sheet information related to leases was as follows:
| December 31, | December 31, | |||||||
| 2025 | 2024 | |||||||
| Operating lease right-of-use asset | $ | 131 | $ | 399 | ||||
| Operating lease liability, current | $ | (141 | ) | $ | (287 | ) | ||
| Operating lease liability, noncurrent | (141 | ) | ||||||
| Total operating lease liabilities | $ | (141 | ) | $ | (428 | ) | ||
Future maturities of operating lease liabilities as of December 31, 2025 were as follows:
| 2026 | $ | 144 | ||
| Total lease payments | 144 | |||
| Less: imputed interest | (3 | ) | ||
| Present value of operating lease liabilities | $ | 141 |
Other information:
| Cash paid for operating leases for the year ended December 31, 2025 | $ | 310 | ||
| Cash paid for operating leases for the year ended December 31, 2024 | $ | 301 | ||
| Remaining lease term - operating leases (in years) | 0.50 | |||
| Average discount rate - operating leases | 8.0 | % |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 10, 2023 | |
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.