|
5.
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 |
|
| |
|
Nine
Months Ended September 30, |
|
| |
|
2024 |
|
|
2023 |
|
| Lease cost |
|
|
|
|
|
|
|
|
| Operating lease cost (included in general and administrative
expenses in the Company’s statement of operations) |
|
$ |
102 |
|
|
$ |
227 |
|
| |
|
|
|
|
|
|
|
|
| Other information |
|
|
|
|
|
|
|
|
| Cash paid for amounts included in the measurement of lease liabilities |
|
$ |
68 |
|
|
$ |
121 |
|
| Weighted average remaining lease term – operating leases (in years) |
|
|
2.00 |
|
|
|
3.00 |
|
| Weighted average discount rate – operating leases |
|
|
9.0 |
% |
|
|
9.0 |
% |
SCHEDULE
OF OPERATING LEASES ASSETS AND LIABILITIES
| |
|
September
30, 2024 |
|
|
December
31, 2023 |
|
| Operating leases |
|
|
|
|
|
|
|
|
| Right-of-use assets |
|
$ |
172 |
|
|
$ |
218 |
|
| |
|
|
|
|
|
|
|
|
| Short-term operating lease liabilities |
|
$ |
75 |
|
|
$ |
67 |
|
| Long-term operating lease liabilities |
|
|
102 |
|
|
|
164 |
|
| Total operating lease liabilities |
|
$ |
177 |
|
|
$ |
231 |
|
SCHEDULE
OF PRESENT VALUE OF LEASE LIABILITIES
| Year ending |
|
Operating
Leases |
|
| 2024 remaining |
|
$ |
24 |
|
| 2025 |
|
|
96 |
|
| 2026 |
|
|
75 |
|
| 2027 |
|
|
- |
|
| 2028 and thereafter |
|
|
- |
|
| Total lease payments |
|
|
195 |
|
| Less: Imputed interest/present value discount |
|
|
(18 |
) |
| Present value of lease liabilities |
|
$ |
177 |
|
|