LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases

SCHEDULE OF OPERATING AND FINANCE LEASE ASSET AND LIABILITY

The following table discloses the operating asset and liability balances at September 30, 2023 and December 31, 2022:

		As of
		September 30, 2023		December 31, 2022
Leases	Classification
Assets
Total operating leased assets, net	Operating lease right-of-use assets(1)	$	4,438	$	234
Liabilities
Current	Operating lease liabilities	$	751	$	195
Non-current	Operating lease liabilities – non-current		3,730		—
Total lease liabilities		$	4,481	$	195

⁽¹⁾ Operating lease right-of-use assets are recorded, net of accumulated amortization of $909 and $1,033, at September 30, 2023 and December 31, 2022, respectively. Balances do not include certain right-of-use or lease liabilities related to premises that have not yet been obtained by the Company in accordance with its lease agreements.

SCHEDULE OF FUTURE MINIMUM MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of lease liabilities, including reconciliation to the lease liabilities, based on required contractual payments, are as follows:

	Operating Leases
Remainder of 2023	$	281
2024		1,134
2025		1,143
2026		1,154
2027		1,165
Thereafter		671
Total lease payments		5,548
Less: future interest costs		1,068
Present value of lease liabilities	$	4,481

SCHEDULE OF FINANCE AND OPERATING RELATED TO LEASES

Other information related to leases as of and for the nine months ended September 30, 2023 and 2022 was as follows:

	Nine Months Ended
	September 30,
	2023			2022
Operating lease weighted-average remaining lease term (years)		4.8			0.8
Operating lease weighted-average discount rate		9.0	%		4.8	%
Cash paid for the amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	432		$	373