COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2023

COMMITMENTS AND CONTINGENCIES

SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES

As of March 31, 2023, the future minimum annual lease payments under the operating leases were as follows (in thousands):

	Total Minimum
	Lease Payments
2023		$	284
2024			508
2025			242
Total operating lease payments			1,034
Less: Amount representing interest			(70)
Present value of net minimum lease payments		$	964

SCHEDULE OF SUPPLEMENTAL CASH FLOW

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 for the three months ended March 31, 2023 and year ended and December 31, 2022 were as follows (in thousands except lease term and discount rate):

	March 31,			December 31,
Operating lease liabilities:	2023			2022
Current		373			385
Non-current		591			705
Total lease liabilities	$	964		$	1,090
Weighted-average remaining lease term (in years)		2.2			2.4
Weighted-average incremental borrowing rate		6	%		6	%

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,
	2023		2022
Cash paid included in operating cash flows	$	123	$	54

SCHEDULE OF RENT EXPENSES

Operating lease expense was as follows (in thousands):

	Three months ended March 31,
	2023		2022
Operating lease	$	111	$	51
Short-term lease		—		34
Total rent expense	$	111	$	85