LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Total Operating Lease Cost

For the years ended December 31, 2023, and 2022, the Company’s total operating lease cost was comprised of the following:

	Year Ended December 31,
(in thousands)	2023		2022
Operating lease cost	$	481	$	484
Short-term lease cost	—		42
Variable lease cost	52		51
Total lease cost	$	533	$	577
* Short term lease cost includes a refund received by the Company during the year ended December 31, 2023, for office space it previously occupied.

Schedule of Maturities of Operating Lease Liabilities

As of December 31, 2023, maturities of the Company's operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows:

	(in thousands)
2024	$	557
2025	571
2026	585
2027	600
2028	615
Thereafter	2,731
Total Lease Payments	5,659
Less: imputed interest	(1,011)
Present value of total lease liabilities	$	4,648