COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2025

COMMITMENTS AND CONTINGENCIES

SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES

As of March 31, 2025, the future minimum annual lease payments under the operating leases were as follows (in thousands):

	Total Minimum
	Lease Payments
2025	$	319
Total operating lease payments		319
Less: Amount representing interest		(7)
Present value of net minimum lease payments	$	312

SCHEDULE OF COMPONENTS OF OPERATING LEASES

The components of operating leases for the three months ended March 31, 2025 and year ended and December 31, 2024 were as follows (in thousands except lease term and discount rate):

	March 31,			December 31,
Operating lease liabilities:	2025			2024
Current		312			417
Total lease liabilities	$	312		$	417
Weighted-average remaining lease term (in years)		0.7			0.8
Weighted-average incremental borrowing rate		6.4	%		6.4	%

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):

	Three Months Ended March 31,
	2025		2024
Cash paid included in operating cash flows	$	108	$	127

SCHEDULE OF OPERATING LEASE EXPENSE

Operating lease expense was as follows (in thousands):

	Three Months Ended March 31,
	2025		2024
Operating lease	$	115	$	113
Short-term lease		—		83
Total rent expense	$	115	$	196