LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Lessee Disclosure [Abstract]

Schedule of lease cost

As of September 30, 2024, there were no additional significant operating leases that have not yet commenced. Refer to the following table for quantitative information related to the Company’s leases for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):

	Three Months Ended September 30, 2024						Nine Months Ended September 30, 2024
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	—	$	501	$	501	$	—	$	1,445	$	1,445
Short-term lease cost		420		140		560		1,261		421		1,682
Total lease cost	$	420	$	641	$	1,061	$	1,261	$	1,866	$	3,127
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	—	$	550	$	550	$	—	$	1,527	$	1,527
Weighted-average remaining lease term (in years):
Capitalized operating leases								—		2.22		2.22
Weighted-average discount rate:
Capitalized operating leases								—		4.27%		4.27%
	Three Months Ended September 30, 2023						Nine Months Ended September 30, 2023
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	313	$	500	$	813	$	940	$	1,799	$	2,739
Short-term lease cost		107		161		268		321		297		618
Total lease cost	$	420	$	661	$	1,081	$	1,261	$	2,096	$	3,357
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	313	$	542	$	855	$	940	$	1,787	$	2,727
Weighted-average remaining lease term (in years):
Capitalized operating leases								0.17		3.15		3.04
Weighted-average discount rate:
Capitalized operating leases								3.92%		4.07%		4.05%

Schedule of future lease payments on capitalized operating leases

As of September 30, 2024, future lease payments over the remaining term of capitalized operating leases were as follows (in thousands):

For the Years Ended December 31,
2024, excluding the nine months ended September 30, 2024	$	556
2025		1,980
2026		1,205
2027		237
2028		161
Thereafter		—
	$	4,139
Imputed interest	$	(187)
Lease liability balance at September 30, 2024	$	3,952