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v3.23.2

LEASES (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases |
SCHEDULE OF COMPONENTS OF LEASE COST | Operating lease costs are recorded on a straight-line basis within operating expenses. The Company’s total lease expense is comprised of the following: SCHEDULE OF COMPONENTS OF LEASE COST
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 74 |  |  | $ | 74 |  |  | $ | 185 |  |  | $ | 100 |
Operating lease expense |  |  | 74 |  |  |  | 74 |  |  |  | 185 |  |  |  | 100 |
Short-term lease rent expense |  |  | 11 |  |  |  | 8 |  |  |  | 20 |  |  |  | 15 |
Variable lease cost |  |  | 17,165 |  |  |  | — |  |  |  | 19,938 |  |  |  | — |
Total rent expense |  | $ | 17,250 |  |  | $ | 82 |  |  | $ | 20,143 |  |  | $ | 115 |
SUMMARY OF MINIMUM LEASE PAYMENTS | Additional information regarding the Company’s leasing activities as a lessee is as follows: SUMMARY OF MINIMUM LEASE PAYMENTS
|  | For the Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Operating cash flows from operating leases |  | $ | 229 |  |  | $ | 27 |
Weighted-average remaining lease term – operating leases |  |  | 3.4 |  |  |  | 4.4 |
Weighted-average discount rate – operating leases |  |  | 5 | % |  |  | 5 | %
SCHEDULE OF LEASE LIABILITY MATURITY | SCHEDULE OF LEASE LIABILITY MATURITY
Year |  | Amount |
2023 (remaining) |  | $ | 133 |
2024 |  |  | 166 |
2025 |  |  | 143 |
2026 |  |  | 147 |
2027 |  |  | 63 |
Thereafter |  |  | — |
Total |  | $ | 652 |

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- Definition Lessee Operating Lease Liability [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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