v3.24.3
Commitments and Contingencies (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]    
Schedule of Operating Lease Assets and Liabilities

The tables below present information regarding the Company’s operating lease assets and liabilities at September 30, 2024 and December 31, 2023, respectively:

 

   September 30, 2024   December 31, 2023 
Assets          
           
Operating lease - right-of-use asset - non-current  $121,438   $297,394 
           
Liabilities          
           
Operating lease liability  $135,984   $316,008 
           
Weighted-average remaining lease term (years)   0.50    1.25 
           
Weighted-average discount rate   5%   5%

The tables below present information regarding the Company’s operating lease assets and liabilities at December 31, 2023 and 2022, respectively:

 

 

  

December 31,

2023

  

December 31,

2022

 
Assets          
           
Operating lease - right-of-use asset - non-current  $297,394   $521,782 
           
Liabilities          
           
Operating lease liability  $316,008   $546,022 
           
Weighted-average remaining lease term (years)   1.25    2.25 
           
Weighted-average discount rate   5%   5%
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

    September 30, 2024    September 30, 2023 
           
Operating lease costs          
           
Amortization of right-of-use operating lease asset  $175,956   $167,181 
Lease liability expense in connection with obligation repayment   8,377    17,152 
Total operating lease costs  $184,333   $184,333 
           
Supplemental cash flow information related to operating leases was as follows:          
           
Operating cash outflows from operating lease (obligation payment)  $188,400   $184,756 
Right-of-use asset obtained in exchange for new operating lease liability  $-   $- 

The components of lease expense were as follows:

 

  

December 31,

2023

  

December 31,

2022

 
         
Operating lease costs   -     -  
           
Amortization of right-of-use operating lease asset  $224,388   $213,415 
Lease liability expense in connection with obligation repayment   21,389   $32,362 
Total operating lease costs  $245,777   $245,777 
           
Supplemental cash flow information related to operating leases was as follows:          
           
Operating cash outflows from operating lease (obligation payment)  $251,403   $246,538 
Right-of-use asset obtained in exchange for new operating lease liability  $-   $735,197 
Schedule of Future Minimum Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases for the years ended December 31, were as follows:

 

      
2024 (3 Months)  $68,014 
2025   69,421 
Total undiscounted cash flows   137,435 
Less: amount representing interest   (1,451)
Present value of operating lease liability   135,984 
Less: current portion of operating lease liability   135,984 
Long-term operating lease liability  $- 

Future minimum lease payments under non-cancellable leases for the years ended December 31 were as follows:

 

      
2024  $256,414 
2025   69,421 
Total undiscounted cash flows   325,835 
Less: amount representing interest   (9,827)
Present value of operating lease liability   316,008 
Less: current portion of operating lease liability   246,880 
Long-term operating lease liability  $69,128 
Related Party [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Schedule of Operating Lease Assets and Liabilities

The tables below present information regarding the Company’s operating lease assets and liabilities at September 30, 2024 and December 31, 2023, respectively:

 

   September 30, 2024   December 31, 2023 
Assets          
           
Operating lease - right-of-use asset - non-current  $230,606   $286,397 
           
Liabilities          
           
Operating lease liability  $234,659   $287,994 
           
Weighted-average remaining lease term (years)   2.83    3.58 
           
Weighted-average discount rate   5%   5%
           
The components of lease expense were as follows:          
  
Schedule of Components of Lease Expense

   September 30, 2024   September 30, 2023 
         
Operating lease costs          
           
Amortization of right-of-use operating lease asset  $55,791   $              - 
Lease liability expense in connection with obligation repayment   9,677    - 
Total operating lease costs  $65,468   $- 
           
Supplemental cash flow information related to operating leases was as follows:          
           
Operating cash outflows from operating lease (obligation payment)  $63,012   $- 
Right-of-use asset obtained in exchange for new operating lease liability  $-   $- 
  
Schedule of Future Minimum Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases for the years ended December 31, were as follows:

 

      
2024 (3 Months)  $21,491 
2025   87,038 
2026   89,650 
2027   53,199 
Total undiscounted cash flows   251,378 
Less: amount representing interest   (16,719)
Present value of operating lease liability   234,659 
Less: current portion of operating lease liability   76,742 
Long-term operating lease liability  $157,917 
  
Avishai Vaknin [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Schedule of Operating Lease Assets and Liabilities  

The tables below present information regarding the Company’s operating lease assets and liabilities – related party at December 31, 2023 and 2022, respectively:

 

   December 31, 2023   December 31, 2022 
Assets          
           
Operating lease - right-of-use asset - non-current  $286,397   $       - 
           
Liabilities          
           
Operating lease liability  $287,994   $- 
           
Weighted-average remaining lease term (years)   3.58    - 
           
Weighted-average discount rate   5%   - 
Schedule of Components of Lease Expense  

The components of lease expense were as follows:

   December 31, 2023   December 31, 2022 
         
Operating lease costs          
           
Amortization of right-of-use operating lease asset  $30,160   $       - 
Lease liability expense in connection with obligation repayment   6,212   $- 
Total operating lease costs  $36,372   $- 
           
Supplemental cash flow information related to operating leases was as follows:          
           
Operating cash outflows from operating lease (obligation payment)  $34,775   $- 
Right-of-use asset obtained in exchange for new operating lease liability  $316,557   $- 
Schedule of Future Minimum Payments Under Non-Cancellable Leases  

Future minimum lease payments under non-cancellable leases for the years ended December 31 were as follows:

      
2024  $84,503 
2025   87,038 
2026   89,650 
2027   53,199 
Total undiscounted cash flows   314,390 
Less: amount representing interest   (26,396)
Present value of operating lease liability   287,994 
Less: current portion of operating lease liability   72,034 
Long-term operating lease liability  $215,960