Annual report pursuant to Section 13 and 15(d)

OPERATING LEASES (Tables)

v3.24.1
OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
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  
    Years Ended December 31,  
    2023     2022  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 264     $ 376  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 143     $ 447  
Weighted average remaining lease term – operating leases (in years)     2.75       4.42  
Weighted average discount rate – operating leases     9.0 %     4.0 %
SCHEDULE OF OPERATING LEASES ASSETS AND LIABILITIES
    2023     2022  
    As of December 31,  
    2023     2022  
Operating leases                
ROU assets   $ 218     $ 1,354  
                 
Short-term operating lease liabilities   $ 67     $ 355  
Long-term operating lease liabilities     164       1,581  
Total operating lease liabilities   $ 231     $ 1,936  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES

Year ending   Operating Leases  
2024   $ 92  
2025     96  
2026     75  
2027     -  
2028 and thereafter     -  
Total lease payments     263  
Less: Imputed interest/present value discount     (32 )
Present value of lease liabilities   $ 231