Annual report [Section 13 and 15(d), not S-K Item 405]

OPERATING LEASES (Tables)

v3.25.1
OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2024
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:

 

    2024     2023  
    Years Ended December 31,  
    2024     2023  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 148     $ 264  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 92     $ 143  
Weighted average remaining lease term – operating leases (in years)     2.48       2.75  
Weighted average discount rate – operating leases     6.8 %     9.0 %
SCHEDULE OF OPERATING LEASES ASSETS AND LIABILITIES

 

    2024     2023  
    As of December 31,  
    2024     2023  
Operating leases                
ROU assets   $ 340     $ 218  
                 
Short-term operating lease liabilities   $ 124     $ 67  
Long-term operating lease liabilities     222       164  
Total operating lease liabilities   $ 346     $ 231  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES

 

Year ending  

Operating

Leases

 
2025   $ 156  
2026     143  
2027     71  
2028     6  
Total lease payments     376  
Less: Imputed interest/present value discount     (30 )
Present value of lease liabilities   $ 346