COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of rent expense

Lease expense consisted of the following for the years ended December 31:

(in thousands)	2023		2022		2021
Operating lease costs	$	2,031	$	701	$	240
Variable lease costs	221		236		48
Total lease costs	$	2,252	$	937	$	288

Schedule of maturity analysis of operating leases

The table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years to the lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2023:

(in thousands)
2024	$	1,967
2025	1,610
2026	1,290
2027	1,289
2028	506
Thereafter	—
Total minimum lease payments	6,662
Less: effects of discounting	(990)
Present value of future minimum lease payments	5,672
Less: current lease liability, included in accrued expenses and other	(1,561)
Non-current lease liability, included in other non-current liabilities	$	4,111