Quarterly report [Sections 13 or 15(d)]

OPERATING LEASES (Tables)

v3.25.1
OPERATING LEASES (Tables)
3 Months Ended
Mar. 31, 2025
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:

 

    2025     2024  
    Three Months Ended March 31,  
    2025     2024  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 56     $ 33  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 35     $ 23  
Weighted average remaining lease term – operating leases (in years)     2.26       2.50  
Weighted average discount rate – operating leases     6.7 %     9.0 %
SCHEDULE OF OPERATING LEASES ASSETS AND LIABILITIES
    March 31, 2025     December 31, 2024  
Operating leases                
Right-of-use assets   $ 307     $ 340  
                 
Short-term operating lease liabilities   $ 134     $ 124  
Long-term operating lease liabilities     183       222  
Total operating lease liabilities   $ 317     $ 346  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES
Year ending   Operating Leases  
2025 remaining   $ 121  
2026     143  
2027     71  
2028     6  
2029 and thereafter     -  
Total lease payments     341  
Less: Imputed interest/present value discount     (24 )
Present value of lease liabilities   $ 317