LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES [Abstract]

Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to leases are as follows:

	For the Nine Months Ended September 30,
	2024		2023
Cash used in operating leases	$	17,115	$	16,893
ROU assets obtained in exchange for new lease obligations	$	46,876	$	—

ROU Lease Assets and Lease Liabilities

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

	September 30, 2024		December 31, 2023
Right of use assets, net	$	41,244	$	10,664
Short-term operating lease liabilities	$	23,146	$	10,664
Long-term operating lease liabilities		18,098		—
Total lease liabilities	$	41,244	$	10,664
Weighted average remaining lease term (in years)		1.75		0.50
Weighted average discount rate		4.8%		9.5%

Components of Lease Expenses

The components of lease expense were as follows for each of the periods presented, which are included in general and administrative expenses in the condensed consolidated statements of operations:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease expense	$	6,153	$	5,481	$	17,115	$	16,893
Short-term lease expense		8,148		7,135		23,146		20,014
Total operating lease costs	$	14,301	$	12,616	$	40,261	$	36,907

Future Lease Payments Included in Measurement of Lease Liabilities

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 30, 2024, were as follows:

	September 30, 2024
2024 (remaining)	$	6,153
2025		24,612
2026		12,306
Total future minimum lease payments		43,071
Less imputed interest		(1,827	)
Total	$	41,244