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LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Additional Details of Leases
The following table provides additional details of our facility leases presented in our condensed balance sheets:
($ in thousands)
FacilitiesJune 30, 2025December 31, 2024
Right-of-use assets$5,006$2,380
Current portion of lease liabilities1,1821,562
Operating lease liability, net of current portion4,0151,023
Total lease liabilities$5,197$2,585
Weighted-average remaining term (in years)3.61.8
Weighted-average discount rate5.6 %6.5 %
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:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2025202420252024
Operating lease expense$393 $1,091 $1,370 $2,137 
Cash paid for operating leases$340 $1,221 $1,387 $2,386 
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, 2025:
(in thousands)
Operating Leases
Remainder of 2025$683 
20261,646 
20271,694 
20281,256 
2029488 
Thereafter— 
Total undiscounted operating lease payments5,767 
Imputed interest expenses(570)
Total operating lease liabilities5,197 
Less: Current portion of operating lease liability(1,182)
Operating lease liability, net of current portion$4,015