OPERATING LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Operating Leases

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases as of March 31, 2024 and December 31, 2023 is as follows:

Assets:	March 31, 2024		December 31, 2023
Operating lease - right-of-use assets	$	3,841,000	$	3,926,000
Liabilities
Current
Current portion of operating leases	$	55,000	$	84,000
Operating lease liabilities, net of current portion	$	4,029,000	$	3,925,000

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to operating leases is as follows:

	Three Months Ended			Three Months Ended
	March 31, 2024			March 31, 2023
Operating lease expense as a component of general and administrative expenses	$	196,000		$	241,000
Supplemental cash flow information related to operating leases is as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	45,000		$	252,000
Lease term and Discount Rate
Weighted average remaining lease term (years)		14.4			12.4
Weighted average discount rate		11.0	%		6.5	%

SCHEDULE OF OPERATING LEASE MINIMUM FUTURE PAYMENTS

Minimum future payments under all operating leases as of March 31, 2024, are as follows:

Payments due by period	Amount
2024 (remaining 9 months)	$	223,000
2025		355,000
2026		529,000
2027		585,000
2028		611,000
Thereafter		7,555,000
Total Minimum Future Payments		9,858,000
Less: Interest		5,774,000
Total operating lease liabilities	$	4,084,000
Less: current portion of lease liabilities		55,000
Operating lease liabilities, net of current portion	$	4,029,000