LEASES (Tables)

12 Months Ended

Dec. 31, 2024

LEASES

Schedule of operating leases assets and liabilities

		December 31,
(in thousands)	Classification on Consolidated Balance Sheet	2024		2023
Assets:
Operating lease right-of-use assets	Other assets	$	219	$	295
Liabilities:
Current portion of operating lease liabilities	Accrued expenses and other liabilities	$	79	$	77
Long-term operating lease liabilities	Other long-term liabilities		141		220
Total lease liabilities		$	220	$	297

Schedule of components of lease expense

(in thousands)	2024		2023		2022
Operating lease cost	$	89	$	93	$	59
Short-term lease cost		—		—		—
Variable lease cost		11		3		—
Total lease cost	$	100	$	96	$	59

Schedule of other information

As of December 31,	2024			2023
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$	77		$	77
ROU assets obtained in exchange for operating lease liabilities (in thousands)		—			127
Weighted average remaining lease term — operating leases (years)		2.7			3.7
Weighted average discount rate — operating leases		4.87	%		4.85	%

Schedule of future minimum lease payments

(in thousands)
As of December 31,	2024
2025	$	88
2026		85
2027		55
2028		6
2029		—
Total lease payments		234
Less: Amounts representing interest		(14)
Present value of lease liabilities	$	220