LEASES (Tables)

12 Months Ended

Dec. 31, 2023

NET INVESTMENT IN LEASE

Schedule of operating leases assets and liabilities

		December 31,
(in thousands)	Classification on Consolidated Balance Sheet	2023		2022
Assets:
Operating lease right-of-use assets	Other assets	$	295	$	239
Liabilities:
Current portion of operating lease liabilities	Accrued expenses and other liabilities	$	77	$	57
Long-term operating lease liabilities	Other long-term liabilities		220		180
Total lease liabilities		$	297	$	237

Schedule of components of lease expense

(in thousands)	2023		2022
Operating lease cost	$	93	$	59
Short-term lease cost		—		—
Variable Lease Cost		3		—
Total lease cost	$	96	$	59

Schedule of other information

As of December 31,	2023			2022
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$	77		$	55
ROU assets obtained in exchange for operating lease liabilities (in thousands)		127			222
Weighted average remaining lease term — operating leases (years)		3.7			4.2
Weighted average discount rate — operating leases		4.85	%		4.97	%

Schedule of future minimum lease payments

As of December 31,	2023		2022
(in thousands)
2023	$	—	$	68
2024		89		58
2025		88		56
2026		85		55
2027		55		26
2028		6		—
Total lease payments		323		263
Less: Amounts representing interest		(26)		(26)
Present value of lease liabilities	$	297	$	237