LEASES (Tables)

6 Months Ended

Jun. 30, 2025

LEASES

Schedule of lease costs

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Operating lease cost	$	68	$	70	$	141	$	135
Short-term lease cost		9		—		12		6
Total lease cost	$	77	$	70	$	153	$	141

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Research and development	$	75	$	70	$	148	$	135
General and administrative		2		—		5		6
Total lease cost	$	77	$	70	$	153	$	141

Schedule of right of use lease assets and lease liabilities for operating leases

	June 30,		December 31,
(in thousands)	2025		2024
Assets
Right of use assets - Operating Leases	$	678	$	120
Total lease assets	$	678	$	120
Liabilities
Current liabilities:
Lease liability, current - Operating Leases	$	243	$	47
Noncurrent liabilities:
Lease liability, non-current - Operating Leases		421		25
Total lease liabilities	$	664	$	72

Schedule of operating lease cash flow information

	June 30,
(in thousands)	2025		2024
Operating cash outflows from operating leases	$	88	$	90
Supplemental non-cash amounts of operating lease liabilities arising from obtaining right of use assets	$	653	$	55

Schedule of weighted average remaining lease term and weighted average discount rate for operating leases

	June 30,
	2025
Weighted average remaining lease term (in years) – operating leases		2.7
Weighted average discount rate – operating leases		10.63%

Schedule of remaining maturities of operating leases, excluding short-term leases

	June 30,
(in thousands)	2025
2025	$	150
2026		312
2027		293
2028		12
Total undiscounted lease payments		767
Less imputed interest		(103)
Total net lease liabilities	$	664