OPERATING LEASES (Tables)

12 Months Ended

Dec. 31, 2024

OPERATING LEASES

Schedule of Operating Leases

The following table sets forth data regarding the Company’s operating leases for the years ended December 31, 2022, 2023 and 2024:

	Year ended December 31,
(U.S. dollars in thousands)	2022			2023			2024
Operating lease costs	$	1,398		$	1,471		$	1,639
Cash paid for amounts included in the measurement of lease liabilities		1,404			1,484			1,634
Weighted average remaining lease term (in years)		8.2			6.8			6.0
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, 2024:

(U.S. dollars in thousands)	December 31, 2024
2025	$	1,500
2026	$	1,241
2027	$	1,085
2028	$	1,040
2029 and thereafter	$	3,003
Total undiscounted cash flows	$	7,869
Less: imputed interest	$	2,343
Present value of operating lease liabilities	$	5,526