|
Note
7 – Leases
The
Company leases offices in Fort Lauderdale, Florida and Israel which expire in November 2024 and December 2024, respectively. The Company
also leases vehicles under operating leases that expire at various dates through 2026.
The
components of lease cost and supplemental balance sheet information for the Company’s lease portfolio were as follows:
Schedule
of Lease Cost and Supplemental Balance Sheet Information
| |
|
Three
Months Ended
|
|
|
Three
Months Ended
|
|
| |
|
March 31, 2024 |
|
|
March
31, 2023 |
|
| Lease Cost |
|
|
|
|
|
|
|
|
| Operating lease (income) cost, net of related party license fee |
|
$ |
(10 |
) |
|
$ |
16 |
|
| Variable lease cost |
|
|
41 |
|
|
|
25 |
|
| Short-term lease cost |
|
|
47 |
|
|
|
40 |
|
| Total lease cost |
|
$ |
78 |
|
|
$ |
81 |
|
| |
|
As of
|
|
|
As of
|
|
| |
|
March
31, 2024 |
|
|
December 31, 2023 |
|
| Assets |
|
|
|
|
|
|
|
|
| Operating lease, right-of-use- asset |
|
$ |
155 |
|
|
$ |
210 |
|
| Liabilities |
|
|
|
|
|
|
|
|
| Current |
|
|
|
|
|
|
|
|
| Operating lease liabilities |
|
$ |
116 |
|
|
$ |
169 |
|
| Non-current |
|
|
|
|
|
|
|
|
| Operating lease liabilities, net of current portion |
|
|
21 |
|
|
|
27 |
|
| Total lease liabilities |
|
$ |
137 |
|
|
$ |
196 |
|
| |
|
|
|
|
|
|
|
|
| Other information: |
|
|
|
|
|
|
|
|
| Weighted average remaining lease term - operating leases |
|
|
1.05 years |
|
|
|
1.18 years |
|
| Weighted-average discount rate - operating leases |
|
|
7.24 |
% |
|
|
7.3 |
% |
The
Company’s lease expense is included in general and administrative expenses which is net of the related party license fee of $67
and $49 for the three months ended March 31, 2024 and 2023, respectively (see Note 10).
|