COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

COMMITMENTS AND CONTINGENCIES

SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES

As of December 31, 2024, the future minimum annual lease payments under the operating leases were as follows (in thousands):

	Total Minimum
	Lease Payments
2025	$	429
Total operating lease payments		429
Less: Amount representing interest		(12)
Present value of net minimum lease payments	$	417

SCHEDULE OF COMPONENTS OF OPERATING LEASES

	December 31,			December 31,
Operating lease liabilities:	2024			2023
Current		417			420
Non-current		—			255
Total lease liabilities	$	417		$	675
Weighted-average remaining lease term (in years)		0.8			1.5
Weighted-average incremental borrowing rate		6.4	%		6.0	%

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):

	Year ended December 31,
	2024		2023
Cash paid included in operating cash flows	$	507	$	442

SCHEDULE OF OPERATING LEASE EXPENSE

Rent expense was as follows (in thousands):

	Year ended December 31,
	2024		2023
Operating lease	$	458	$	464
Short-term lease		165		—
Total rent expense	$	623	$	464