OPERATING LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Total Operating Lease Expenses

As of December 31, 2023, the Company recognized operating lease ROU assets of $2.6 million and total lease liabilities $2.8 million, including a current portion of $1.2 million for operating leases.

	For the year ended December 31, 2023			For the year ended December 31, 2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used in operating leases	$	1,148		$	964
Right-of-use assets obtained in exchange of new lease obligations:
Operating leases	$	852		$	132
Weighted average remaining lease term
Operating leases	2.4 years			3.2 years
Weighted average discount rate
Operating leases		4.85	%		4.58	%

Summary of Maturities of Lease liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:

	Amount
	(in thousands)
2024	$	1,285
2025		1,250
2026		470
Total future lease payments		3,005
Less: Imputed interest		(161	)
Total lease liability balance	$	2,844