LEASES

6 Months Ended

Jun. 30, 2024

LEASES [Abstract]

LEASES

NOTE 6 - LEASES

Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows:

(in thousands)	Classification	June 30, 2024		December 31, 2023
Lease assets
Operating lease cost ROU assets, net	Assets	$	806.6	$	353.2
Total lease assets		$	806.6	$	353.2
Lease liabilities
Operating lease liabilities, current	Current liabilities	$	276.9	$	160.3
Operating lease liabilities, non-current	Liabilities		530.3		201.6
Total lease liabilities		$	807.2	$	361.9

The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statements of Operations we as follows:

	Three Month Period Ended
(in thousands)	June 30, 2024		June 30, 2023
Lease costs
Operating lease costs	$	66.7	$	44.9
Short-term lease costs		43.2		38.7
Total lease costs	$	109.9	$	83.6

	Six Month Period Ended
(in thousands)	June 30, 2024		June 30, 2023
Lease costs
Operating lease costs	$	111.6	$	89.7
Short-term lease costs		81.8		75.7
Total lease costs	$	193.4	$	165.4

Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases following June 30, 2024 were as follows:

(in thousands)
2024 (remainder of)	$	159.3
2025		338.7
2026		189.2
2027		159.3
2028		66.3
Total future minimum lease payments		912.8
Amount representing interest		105.6
Present value of net future minimum lease payments	$	807.2