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LEASES
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES

7. LEASES

 

The Company leases certain facilities Utah and Dubai under long-term operating leases with lease terms of one year to two years. The operating lease expense was approximately $63,000 and $63,000 for the three months ended March 31, 2024 and 2023, respectively.

 

Other information related to operating leases:

 

   Three Months Ended March 31, 
   2024   2023 
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flows  $53,585   $54,138 
Weighted average remaining lease-term (in years)   1.5    2.7 
Weighted average discount rate   7.25%   7.25%