Capricor Therapeutics(CAPR) - 2023 Q2 - Quarterly Report

Leases will be classified as financing or operating, which will drive the expense recognition pattern. The Company elects to exclude short-term leases if and when the Company has them. The interest rate implicit in lease contracts is typically not readily determinable. As a result, the Company utilizes its incremental borrowing rate, which reflects the fixed rate at which the Company could 38 For real estate leases, the Company has elected the practical expedient under ASC 842 to account for the lease and n ...