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COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Lease Costs and Cash Flow Transactions Arising From Lease Transactions

The Company recognized the following lease costs arising from lease transactions (in thousands):  

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

781

 

 

$

781

 

The Company recognized the following cash flow transactions arising from lease transactions (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

803

 

 

$

783

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

—

 

 

 

—

 

Schedule of Future Minimum Payments and Interest Expense for Operating Leases

At March 31, 2021, the future payments and interest expense for the operating leases are as follows (in thousands):

 

Year Ending December 31,

 

Future Payments

 

The remainder of 2021

 

$

2,044

 

2022

 

 

2,659

 

2023

 

 

2,738

 

2024

 

 

2,774

 

2025

 

 

2,096

 

2026

 

 

147

 

Total undiscounted cash flows

 

$

12,458

 

Less: imputed interest

 

 

(1,924

)

Present value of lease liabilities

 

$

10,534