Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.23.3
OPERATING LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Operating Leases  
SCHEDULE OF LEASE COST

The components of lease expense and supplemental cash flow information related to leases for the period are as follows:

 

    2023     2022  
    Nine Months Ended September 30,  
    2023     2022  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 227     $ 285  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 121     $ 334  
Weighted average remaining lease term – operating leases (in years)     3.00       4.67  
Weighted average discount rate – operating leases     9.0 %     4.0 %
SCHEDULE OF OPERATING LEASES ASSETS AND LIABILITIES

    September 30, 2023     December 31, 2022  
Operating leases                
Right-of-use assets   $ 243     $ 1,354  
                 
Short-term operating lease liabilities   $ 65     $ 355  
Long-term operating lease liabilities     184       1,581  
Total operating lease liabilities   $ 249     $ 1,936  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES

Year ending   Operating Leases  
2023 remaining   $ 23  
2024     92  
2025     96  
2026     75  
2027 and thereafter     -  
Total lease payments     286  
Less: Imputed interest/present value discount     (37 )
Present value of lease liabilities   $ 249