SCHEDULE OF COMPONENTS OF OPERATING LEASES

As the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date. The components of operating leases as of September 30, 2024 and as of December 31, 2023 were as follows (in thousands except lease term and discount rate):


	September 30,			December 31,
	2024			2023
Operating lease liabilities:
Current		459			420
Non-current		81			255
Total lease liabilities	$	540		$	675
Weighted-average remaining lease term (in years)		1.1			1.5
Weighted-average incremental borrowing rate		6.4	%		6.0	%

The components of operating leases for the years ended December 31, 2023 and December 31, 2022 were as follows (in thousands except lease term and discount rate):


	December 31,			December 31,
Operating lease liabilities:	2023			2022
Current		420			385
Non-current		255			705
Total lease liabilities	$	675		$	1,090
Weighted-average remaining lease term (in years)		1.5			2.4
Weighted-average incremental borrowing rate		6	%		6	%

SCHEDULE OF OPERATING LEASE EXPENSE

Rent expense was as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Operating lease	$	115	$	111	$	343	$	332
Short-term lease		—		—		165		—
Total rent expense	$	115	$	111	$	508	$	332