NOTE 5 — Leases

All of the Company’s leases are for office space. As of June 30, 2024, all the Company’s leases were short-term leases.

The following table shows the activity of the ROU assets:

Schedule of Right of Use Assets 

The following table shows the activity of the lease liability:

Schedule of Lease Liability 

For the three months ended June 30, 2024, and 2023, the Company recognized $73 and $75, respectively, of rent expense. For the six months ended June 30, 2024, and 2023, the Company recognized $158 and $138, respectively, of rent expense. The Company did not have any lease extension or termination options on any lease. There were no residual value guarantees in any lease. The weighted-average remaining lease term of the operating leases was approximately zero years as of June 30, 2024, and 0.2 years as of December 31, 2023. The weighted average of the discount rate for each lease as of December 31, 2023, was 8.5%.