COMMITMENT AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2023

COMMITMENT AND CONTINGENCIES

Schedule of the effect of lease costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive income (loss) (in thousands):

		Three months ended March 31,
	Classification	2023		2022
Operating lease costs	Research and development	$	396	$	337
	General and administrative		304		315
Variable lease costs(1)	Research and development		116		101
	General and administrative		104		94
Total lease costs		$	920	$	847

(1) Variable lease costs include the Company’s proportionate share of operating expenses, property taxes, utilities and parking for the buildings in which the leased spaces are located.