Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases  
SCHEDULE OF LEASE RELATED ASSETS AND LIABILITIES

The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:

 

    Classification on the Balance Sheet   March 31,
2024		     December 31,
2023		  
                 
Assets                    
Operating lease assets   Operating lease right of use assets     1,756       1,864  
Total lease assets       $ 1,756     $ 1,864  
                     
Liabilities                    
Current                    
Operating lease liabilities   Other accrued expenses     375       377  
Total current lease liabilities       $ 375     $ 377  
Noncurrent                    
Operating lease liabilities   Operating lease liabilities, net of current portion     1,359       1,472  
Total long-term lease liabilities         1,359       1,472  
Total lease liabilities       $ 1,734     $ 1,849  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

The table below reconciles the cash flows to the lease liabilities recorded on the Company’s Condensed Consolidated Balance Sheet as of March 31, 2024:

 

    Operating Leases  
2024 - remaining nine months   $ 446  
2025     450  
2026     500  
2027     550  
2028     275  
Total minimum lease payments     2,221  
Less: amount of lease payments representing effects of discounting     487  
Present value of future minimum lease payments     1,734  
Less: current obligations under leases     375  
Long-term lease obligations   $ 1,359