|
4.
OPERATING LEASES
The
components of lease expense and supplemental cash flow information related to leases for the period are as follows:
SCHEDULE
OF LEASE COST
| |
|
2024 |
|
|
2023 |
|
| |
|
Three Months Ended March 31, |
|
| |
|
2024 |
|
|
2023 |
|
| Lease cost |
|
|
|
|
|
|
|
|
| Operating lease cost (included in general and administrative expenses in the Company’s statement of operations) |
|
$ |
33 |
|
|
$ |
86 |
|
| |
|
|
|
|
|
|
|
|
| Other information |
|
|
|
|
|
|
|
|
| Cash paid for amounts included in the measurement of lease liabilities |
|
$ |
23 |
|
|
$ |
113 |
|
| Weighted average remaining lease term – operating leases (in years) |
|
|
2.50 |
|
|
|
4.17 |
|
| Weighted average discount rate – operating leases |
|
|
9.0 |
% |
|
|
4.0 |
% |
SCHEDULE
OF OPERATING LEASES ASSETS AND LIABILITIES
| |
|
March 31, 2024 |
|
|
December 31, 2023 |
|
| Operating leases |
|
|
|
|
|
|
|
|
| Right-of-use assets |
|
$ |
208 |
|
|
$ |
218 |
|
| |
|
|
|
|
|
|
|
|
| Short-term operating lease liabilities |
|
$ |
70 |
|
|
$ |
67 |
|
| Long-term operating lease liabilities |
|
|
144 |
|
|
|
164 |
|
| Total operating lease liabilities |
|
$ |
214 |
|
|
$ |
231 |
|
SCHEDULE
OF PRESENT VALUE OF LEASE LIABILITIES
| Year ending |
|
Operating Leases |
|
| 2024 remaining |
|
$ |
69 |
|
| 2025 |
|
|
96 |
|
| 2026 |
|
|
75 |
|
| 2027 |
|
|
- |
|
| 2028 and thereafter |
|
|
- |
|
| Total lease payments |
|
|
240 |
|
| Less: Imputed interest/present value discount |
|
|
(26 |
) |
| Present value of lease liabilities |
|
$ |
214 |
|
|