|
6. 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
| |
|
2025 |
|
|
2024 |
|
| |
|
Six Months Ended June 30, |
|
| |
|
2025 |
|
|
2024 |
|
| Lease cost |
|
|
|
|
|
|
|
|
| Operating lease cost (included in general and administrative expenses in the Company’s statement of operations) |
|
$ |
119 |
|
|
$ |
65 |
|
| |
|
|
|
|
|
|
|
|
| Other information |
|
|
|
|
|
|
|
|
| Cash paid for amounts included in the measurement of lease liabilities |
|
$ |
75 |
|
|
$ |
45 |
|
| Weighted average remaining lease term – operating leases (in years) |
|
|
2.03 |
|
|
|
2.25 |
|
| Weighted average discount rate – operating leases |
|
|
6.7 |
% |
|
|
9.0 |
% |
SCHEDULE OF OPERATING LEASES ASSETS AND LIABILITIES
| |
|
June 30, 2025 |
|
|
December
31, 2024 |
|
| Operating leases |
|
|
|
|
|
|
|
|
| Right-of-use assets |
|
$ |
273 |
|
|
$ |
340 |
|
| |
|
|
|
|
|
|
|
|
| Short-term operating lease liabilities |
|
$ |
138 |
|
|
$ |
124 |
|
| Long-term operating lease liabilities |
|
|
144 |
|
|
|
222 |
|
| Total operating lease liabilities |
|
$ |
282 |
|
|
$ |
346 |
|
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES
| Year ending |
|
Operating Leases |
|
| 2025 remaining |
|
$ |
81 |
|
| 2026 |
|
|
143 |
|
| 2027 |
|
|
71 |
|
| 2028 |
|
|
6 |
|
| 2029 and thereafter |
|
|
- |
|
| Total lease payments |
|
|
301 |
|
| Less: Imputed interest/present value discount |
|
|
(19 |
) |
| Present value of lease liabilities |
|
$ |
282 |
|
|