LEASES (Details Narrative) - USD ($) |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2024 |
Dec. 31, 2023 |
May 01, 2023 |
|
| Lessee operating lease description | Effective May 1, 2023, the Company leased an additional 404 square feet at its Tempe office location under an amendment to its current lease. The monthly rent payment increased from $1,277 per month to $2,365 per month and the increased rent under the amended lease is accounted for as a modification to the lease under ASC 842 at the time of commencement. | ||
| Right-of-use asset | $ 459,000 | $ 517,000 | |
| Short-term operating lease liability | 263,000 | 264,000 | |
| Long-term operating lease liability | $ 194,000 | $ 295,000 | |
| Lessee, operating lease, terminate description | The Company terminated its office lease in Cambridge, Massachusetts as of March 31, 2023. The cost of the lease was $2,942 per month. | ||
| Weighted average remaining discount rate for operating leases | 5.50% | ||
| Weighted average remaining discount rate for financing leases | 5.25% | ||
| Operating lease, weighted average lease term | 2 years 3 months 18 days | ||
| Financing lease, weighted average lease term | 1 year 10 months 24 days | ||
| Tempe AZ Office [Member] | |||
| Right-of-use asset | $ 33,000 | ||
| Short-term operating lease liability | 12,000 | ||
| Long-term operating lease liability | $ 21,000 |