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LEASES
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
LEASES

NOTE 3 - LEASES

 

The Company has lease agreements with lease and non-lease components, which it accounts for as a single lease component. The Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company’s ROU assets and lease liabilities was not material for the periods presented. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, the Company does not have any related party leases and its sublease transactions are de minimis.

 

Supplemental cash flow information related to operating leases was as follows:

 

           
   For the Six Months Ended June 30, 
   2023   2022 
         
Cash payments and expenses  $151   $172 

 

Undiscounted maturities of operating lease payments as of June 30, 2023 are summarized as follows:

 

 SCHEDULE OF MATURITIES OF LEASE LIABILITIES

      
2023 (Remainder of the year)  $132 
2024   188 
2025   16 
Total future lease payments   336 
Less imputed interest   (19)
Total lease liability balance  $317 

 

 SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

   June 30,   December 31, 
   2023   2022 
         
Operating leases weighted average remaining lease term (in years)   1-2    2 
Operating leases weighted average discount rate   9%   9%