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LEASES | 6 Months Ended
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Jun. 30, 2024
Leases |
LEASES | NOTE 8 – LEASES The Company has operating lease agreements with terms up to 2-3 years, including car and office space leases. The Company’s weighted-average remaining lease term relating to its operating leases is 2.68 years, with a weighted-average discount rate of 10%. The discount rate was determined by referencing rates used by companies in the same industry. The Company incurred $23,000 and $36,000 of lease expense for its operating leases for the six months ended June 30, 2024 and 2023, respectively. The following table presents information about the amount and timing of liabilities arising from the Company’s operating leases as of June 30, 2024: SCHEDULE OF LIABILITIES ARISING FROM OPERATING LEASES
2024 |  | $ | 27 |
2025 |  |  | 57 |
2026 |  |  | 58 |
Thereafter |  |  | 10 |
Total undiscounted operating lease payments |  |  | 152 |
Less: Imputed interest |  |  | 19 |
Present value of operating lease liabilities |  | $ | 133 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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