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COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]    
SCHEDULE OF LONG-TERM DEBT

Long-term debt, as adjusted for the October 2 Deferral, consisted of the following:

 

   September 30,   December 31, 
   2024   2023 
(in thousands)          
DECD loan, net of issuance costs  $1,563   $1,596 
Less: Current portion, net of issuance costs   (229)   (166)
Total long-term debt, net of issuance costs  $1,334   $1,430 

Long-term debt consisted of the following:

 

   December 31,   December 31, 
   2023   2022 
(in thousands)          
DECD loan, net of issuance costs  $1,596   $2,718 
Less: Current portion, net of issuance costs   (166)   (403)
Total long-term debt, net of issuance costs  $1,430   $2,315 
SCHEDULE OF ANNUAL AMOUNTS OF FUTURE MINIMUM PRINCIPAL PAYMENTS DUE UNDER CERTAIN CONTRACTUAL OBLIGATIONS

 

   Payments Due by Period 
(in thousands)  Total   2024   2025   2026   2027   2028   Thereafter 
DECD Loan  $1,569   $58   $233   $238   $145   $213   $682 
Total  $1,569   $58   $233   $238   $145   $213   $682 

 

   Payments Due by Period 
(in thousands)  Total   2024   2025   2026   2027   2028   Thereafter 
DECD Loan  $1,604 - $170   $335   $342   $215   $129   $413 
Total  $1,604 - $170   $335   $342   $215   $129   $413 
SCHEDULE OF CARRYING AND FAIR VALUE OF LOAN PAYABLE

 

      September 30,   December 31, 
      2024   2023 
(in thousands)  Fair Value Hierarchy  Carrying Value   Fair Value   Carrying Value   Fair Value 
DECD loan  Level 3  $1,569   $1,200   $1,604   $1,255 

 

      December 31,   December 31, 
      2023   2022 
(in thousands)  Fair Value Hierarchy  Carrying Value   Fair Value   Carrying Value   Fair Value 
DECD loan  Level 3  $1,604   $1,255   $2,729   $2,110 
SCHEDULE OF EXPENSE ASSOCIATED WITH OPERATING LEASES

The expense associated with these operating leases for the three and nine months ended September 30, 2024 and 2023 is shown in the table below (in thousands).

 

     

Three Months Ended

September 30,

 
Lease Cost  Classification  2024   2023 
Operating rent expense             
   Cost of revenue  $19   $18 
   Research and development   7    19 
   Sales and marketing   2    4 
   General and administrative   10    35 
Variable rent expense             
   Cost of revenue   11    11 
   Research and development   4    4 
   Sales and marketing   2    3 
   General and administrative   8    21 

 

     

Nine Months Ended

September 30,

 
Lease Cost  Classification  2024   2023 
Operating rent expense             
   Cost of revenue  $67   $66 
   Research and development   38    43 
   Sales and marketing   5    8 
   General and administrative   52    90 
Variable rent expense             
   Cost of revenue  $33   $41 
      Cost of Revenue [Member]      
   Research and development   9    10 
   Sales and marketing   6    7 
   General and administrative   26    64 

 

      Year Ended December 31, 
Lease Cost  Classification  2023   2022 
Operating rent expense             
   Cost of revenue  $83   $79 
   Research and development   63    27 
   Sales and marketing   11    37 
   General and administrative   115    66 
Variable rent expense             
   Cost of revenue  $52   $39 
   Research and development   14    22 
   Sales and marketing   9    34 
   General and administrative   74    67 
SCHEDULE OF FUTURE LEASE PAYMENTS RELATED TO OPERATING LEASES

Based on the Company’s leases as of September 30, 2024, the table below sets forth the approximate future lease payments related to operating leases with initial terms of one year or more (in thousands).

 

Year  Payments 
2024 (remaining three months)  $54 
2025   229 
2026   223 
2027   84 
2028   52 
Total Operating Lease Payments   642 
Less: Imputed Interest   (63)
Present Value of Lease Liabilities   579 
Less: Operating Lease Liability, current portion   (192)
Operating Lease Liability, non-current portion  $387 

Based on the Company’s leases as of December 31, 2023, the table below sets forth the approximate future lease payments related to operating leases with initial terms of one year or more (in thousands).

 

Year  Payments 
2024  $194 
2025   167 
2026   171 
2027   84 
2028   52 
Total Operating Lease Payments   668 
Less: Imputed Interest   (82)
Present Value of Lease Liabilities   586 
Less: Operating Lease Liability, current portion   (159)
Operating Lease Liability, non-current portion  $427 
SCHEDULE OF WEIGHTED-AVERAGE LEASE TERM AND DISCOUNT RATE

Weighted-average lease term and discount rate were as follows.

 

   Nine Months Ended September 30, 
   2024   2023 
Cash paid for amounts included in measurement of lease liabilities:        
Operating cash outflows relating to operating leases  $257   $334 
Weighted-average remaining lease term (in years)   3.0    2.8 
Weighted-average discount rate   7.25%   8.08%

Supplemental disclosure of cash flow information related to leases for the years ended December 31, 2023 and 2022 is shown in the table below (in thousands).

 

   Year Ended December 31, 
   2023   2022 
Cash paid for amounts included in measurement of lease liabilities:        
Operating cash outflows relating to operating leases  $459   $362 
Weighted-average remaining lease term (in years)   3.6    3.5 
Weighted-average discount rate   7.30%   9.30%