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 | |
|