LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease, Cost

The following table summarizes quantitative information about the Company’s leases (in thousands):

	Three Months Ended March 31,
	2024		2023
Finance lease
Interest lease cost	$	6	$	—
Finance lease expense	6		—
Operating leases
Operating lease cost	37		40
Variable lease cost	1		—
Less: sublease income	—		(3)
Operating lease expense	38		37
Short-term lease rent expense	18		1
Total rent expense	$	62	$	38

Supplemental information related to leases was as follows (dollar amounts in thousands):

	Three Months Ended March 31,
	2024			2023
Finance cash flows from finance leases	$	739		$	—
Operating cash flows from finance lease	$	23		$	—
Operating cash flows from operating leases	$	30		$	40
Weighted-average remaining lease term – finance leases (in years)	3.5			—
Weighted-average remaining lease term – operating leases (in years)	2.8			0.4
Weighted-average discount rate – operating leases	9.7		%	10.0		%

Schedule of Lessee, Operating Lease, Liability, Maturity

As of March 31, 2024, the present value of maturities of the Company’s operating lease liabilities were as follows (in thousands):

Nine months ended December 31, 2024	$	113
Year ended December 31, 2025	155
Year ended December 31, 2026	158
Total	426
Less: present value discount	(53)
Operating lease liability	$	373