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LEASES
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
As of March 31, 2024, the Company has a non-cancelable operating lease for its corporate office, which is located in Lake Forest, Illinois (the “Lake Forest Lease”). On May 1, 2023, the Company amended the Lake Forest Lease to reduce the size of leased premises and extend the term of the lease through December 31, 2030. Additionally, in connection with the Spectrum Merger, the Company assumed leases for two facilities and certain office equipment which Spectrum had previously been the lessee.

The following table reflects lease expense and income for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
Financial Statement Classification20242023
Operating lease costSelling, general and administrative expenses$66 $39 
The following table reflects supplemental cash flow information related to leases for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
20242023
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$282 $104 
The following table reflects supplemental balance sheet information related to leases as of March 31, 2024 and December 31, 2023 (in thousands):
Financial Statement ClassificationMarch 31, 2024December 31, 2023
Assets
Operating lease right-of-use assetsOther long-term assets$1,234 $1,269 
Liabilities
Current operating lease liabilitiesOther current liabilities$797 $928 
Noncurrent operating lease liabilitiesOther long-term liabilities1,350 1,470 
Total lease liabilities$2,147 $2,398 
LEASES LEASES
As of March 31, 2024, the Company has a non-cancelable operating lease for its corporate office, which is located in Lake Forest, Illinois (the “Lake Forest Lease”). On May 1, 2023, the Company amended the Lake Forest Lease to reduce the size of leased premises and extend the term of the lease through December 31, 2030. Additionally, in connection with the Spectrum Merger, the Company assumed leases for two facilities and certain office equipment which Spectrum had previously been the lessee.

The following table reflects lease expense and income for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
Financial Statement Classification20242023
Operating lease costSelling, general and administrative expenses$66 $39 
The following table reflects supplemental cash flow information related to leases for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
20242023
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$282 $104 
The following table reflects supplemental balance sheet information related to leases as of March 31, 2024 and December 31, 2023 (in thousands):
Financial Statement ClassificationMarch 31, 2024December 31, 2023
Assets
Operating lease right-of-use assetsOther long-term assets$1,234 $1,269 
Liabilities
Current operating lease liabilitiesOther current liabilities$797 $928 
Noncurrent operating lease liabilitiesOther long-term liabilities1,350 1,470 
Total lease liabilities$2,147 $2,398