COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of rent expense

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

(in thousands)	2024		2023		2022
Operating lease costs	$	2,122	$	2,031	$	701
Finance lease costs	43		—		—
Variable lease costs	261		221		236
Total lease costs	$	2,426	$	2,252	$	937

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 operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2024:

(in thousands)
2025	$	2,084
2026	1,779
2027	1,793
2028	1,024
2029	534
Thereafter	—
Total minimum lease payments	$	7,214
Less: effects of discounting	(1,022)
Present value of future minimum lease payments	6,192
Less: current lease liability, included in accrued expenses and other	(1,799)
Non-current lease liability, included in other non-current liabilities	$	4,393

Schedule of maturity analysis of finance leases

As of December 31, 2024, a schedule of maturity of lease liabilities under finance leases, together with the present value of minimum lease payments is as follows:

(in thousands)
Future payments:
2025	$	302
2026	205
2027	24
Total minimum lease payments	$	531
Less: effects of discounting	(135)
Present value of future minimum lease payments	396
Less: current lease liability, included in accrued expenses and other	(240)
Non-current lease liability, included in other non-current liabilities	$	156