OPERATING LEASES (Tables)

12 Months Ended

Dec. 31, 2023

OPERATING LEASES

Schedule of Operating Leases

The following table sets forth data regarding the Company’s operating leases for the years ended December 31, 2021, 2022 and 2023:

	Year ended December 31,
(U.S. dollars in thousands)	2021			2022			2023
Operating lease costs	$	1,632		$	1,398		$	1,471
Cash paid for amounts included in the measurement of lease liabilities		1,391			1,404			1,484
Weighted average remaining lease term (in years)		8.9			8.2			6.8
Weighted average discount rate		12.8	%		12.8	%		12.8	%

Schedule of Maturity Analysis of Operating Leases

The following table sets forth a maturity analysis of the Company’s operating lease liabilities as of December 31, 2023:

(U.S. dollars in thousands)	December 31, 2023
2024	$	1,409
2025	$	1,397
2026	$	1,125
2027	$	1,044
2028 and thereafter	$	4,057
Total undiscounted cash flows	$	9,032
Less: imputed interest	$	3,002
Present value of operating lease liabilities	$	6,030