COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Right-of-use Asset and Operating Lease Liability

The operating right-of-use asset and operating lease liability as of June 30, 2025 and December 31, 2024 were as follows (in thousands):

	AS OF		AS OF
	JUNE 30, 2025		DECEMBER 31, 2024
Operating right-of-use asset	$	6,460	$	7,338
Operating lease liability
Current	$	2,169	$	1,595
Non-current	5,341		6,453
Total operating lease liability	$	7,510	$	8,048

Schedule of Operating Lease Maturity

Future minimum rental commitments for the Company’s operating leases reconciled to the operating lease liability are as follows (in thousands):

	AS OF
	JUNE 30, 2025
2025 (six months)	$	1,407
2026	2,855
2027	2,941
2028	1,492
Thereafter	—
Total future minimum lease payments	8,695
Less: imputed interest	(1,185)
Total operating lease liability	7,510
Less: current portion of operating lease liability	(2,169)
Non-current portion of operating lease liability	$	5,341