INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Tax Taxes and Current Tax (Benefit) Expense

The loss before income taxes and the related tax (benefit) expense is as follows:

	Year ended December 31,
(in thousands)	2024		2023
Income (loss) before income taxes:
Domestic	$	(39,830)	$	(28,459)
Foreign	—		7
Total loss before taxes	$	(39,830)	$	(28,452)
Current taxes:
Federal	$	—	$	(123)
State	4		2
Foreign	—		121
Total current taxes	$	4	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes at the U.S. federal statutory rate to the provision for income taxes is as follows:

	Year ended December 31,
	2024		2023
Federal income tax provision at statutory rate	21.00	%	21.00	%
State income tax provision, net of federal benefit	(0.01)	%	(0.01)	%
Permanent differences	(0.06)	%	(0.57)	%
Change in valuation allowances	(20.94)	%	(20.42)	%
Effective income tax rate	(0.01)	%	—	%

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company's deferred tax assets and liabilities are as follows:

	December 31,
(in thousands)	2024		2023
Deferred tax assets:
Net operating loss carryforwards	$	75,922	$	72,508
Tax credit carryforwards	7,171		6,851
Section 174 expenses	14,720		7,775
Share-based compensation	2,217		1,988
Accrued expenses and other	649		651
Total gross deferred tax assets	100,679		89,773
Less: valuation allowance	(100,679)		(89,773)
Net deferred tax assets	$	—	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity of the Company's unrecognized tax benefits (in thousands):

Balance at January 1, 2023	$	2,854
Additions for prior year positions	19
Additions for current year positions	105
Reductions related to expiration of statute of limitations	(520)
Balance at December 31, 2023	$	2,458
Reductions for prior year positions	(3)
Additions for current year positions	111
Balance at December 31, 2024	$	2,566