LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Summary of ROU assets and lease liabilities

Below is a summary of our right-of-use (“ROU”) assets and lease liabilities (in thousands): 

	Balance Sheets Classification	December 31, 2023		December 31, 2022
Assets
Right-of-use assets	Other assets	$	36	$	360
Liabilities
Operating lease liabilities - current	Other current liabilities	39		486
Operating lease liabilities - long-term	Other long-term liabilities	—		56
Total lease liabilities		$	39	$	542

Schedule of Supplemental Information to Operating Lease Expense

The table below provides supplemental information related to operating leases during the years ended December 31, 2023 and 2022 (in thousands except for lease term):

	Years Ended December 31,
	2023	2022
Cash paid within operating cash flow	38	$	1,264
Weighted average lease terms (in years)	0.20		0.70
Weighted average discount rates	N/A	3.93		%

Schedule of supplemental information related to operating leases and expenses

During the year ended December 31, 2023 and 2022 our net operating lease expenses are as follows (in thousands):

	Years Ended December 31,
	2023			2022
Operating lease costs	$	555		$	906
Variable lease payments	18			426
Sublease income	(544		)	(1,143		)
Total lease cost (income)	$	29		$	189

Schedule of minimum future lease payment obligations

Minimum future lease payments obligations as of December 31, 2023 are as follows (in thousands):

For the Years Ending December 31,
2024	39
Total lease payments	39
Less: Interest	—
Total lease liability	$	39

Schedule of future cash receipts from our sublease agreements

Future cash receipts from our sublease agreements as of December 31, 2023 are as follows (in thousands):

For the Years Ending December 31,
2024	34
Total	$	34