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LEASES (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Additional Details of Leases
The following table provides additional details of our facility leases presented in our condensed balance sheets (dollars in thousands):
FacilitiesJune 30, 2024December 31, 2023
Right-of-use assets$4,324$5,589
Current portion of lease liabilities3,5504,435
Operating lease liability, net of current portion1,0961,725
Total lease liabilities$4,646$6,160
Weighted-average remaining life (years)1.41.6
Weighted-average discount rate6.7 %6.8 %
Schedule of Lease Costs
The lease costs, which are included in operating expenses in our condensed statements of operations and comprehensive loss, were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Operating lease expense$1,091 $1,064 $2,137 $2,128 
Cash paid for operating lease$1,221 $1,100 $2,386 $2,198 
Schedule of Undiscounted Cash Payment Obligations for Operating Lease Liabilities
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of June 30, 2024 (in thousands):
Remainder of 2024$2,487 
20251,663 
2026604 
2027117 
Thereafter— 
Total undiscounted operating lease payments4,871 
Imputed interest expenses(225)
Total operating lease liabilities4,646 
Less: Current portion of operating lease liability(3,550)
Operating lease liability, net of current portion$1,096