LEASES (Tables)

12 Months Ended

Dec. 31, 2022

LEASES

Schedule of operating leases assets and liabilities

		December 31,
(in thousands)	Classification on Consolidated Balance Sheet	2022		2021
Assets:
Operating lease right-of-use assets	Other assets	$	239	$	72
Liabilities:
Current portion of operating lease liabilities	Accrued expenses and other liabilities	$	57	$	54
Long-term operating lease liabilities	Other long-term liabilities		180		17
Total lease liabilities		$	237	$	71

Schedule of components of lease expense

(in thousands)	2022		2021
Operating lease cost	$	59	$	55
Short-term lease cost		—		—
Total lease cost	$	59	$	55

Schedule of other information

As of December 31,	2022			2021
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$	55		$	52
ROU assets obtained in exchange for operating lease liabilities (in thousands)		222			—
Weighted average remaining lease term — operating leases (years)		4.2			1.6
Weighted average discount rate — operating leases		4.97	%		3.40	%

Schedule of future minimum lease payments

As of December 31,	2022		2021
(in thousands)
2022	$	—	$	55
2023		68		13
2024		58		3
2025		56		1
2026		55		—
2027		26		—
Total lease payments		263		72
Less: Amounts representing interest		(26)		(1)
Present value of lease liabilities	$	237	$	71