COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

COMMITMENTS AND CONTINGENCIES

SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES

As of September 30, 2022, the future minimum annual lease payments under the operating leases were as follows (in thousands):

	Total Minimum
	Lease Payments
2022		$	99
2023			449
2024			489
2025			242
Total operating lease payments			1,279
Less: Amount representing interest			(100)
Present value of net minimum lease payments		$	1,179
Operating lease liabilities:
Current			379
Non-current			800
Total lease liabilities		$	1,179
Weighted-average remaining lease term (in years)			2.7
Weighted-average incremental borrowing rate			6	%

SCHEDULE OF SUPPLEMENTAL CASH FLOW

Supplemental cash flow information related to cash paid for amounts included in the measurement of operating lease liabilities was as follows (in thousands):

	Nine months ended September 30,
	2022		2021
Cash paid included in operating cash flows	$	149	$	—

SCHEDULE OF RENT EXPENSES

Rent expense was as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Operating lease	$	112	$	—	$	254	$	—
Short-term lease		—		—		46		—
Total rent expense	$	112	$	—	$	300	$	—