COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 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 September 30, 2025 and December 31, 2024 were as follows (in thousands):

	AS OF		AS OF
	SEPTEMBER 30, 2025		DECEMBER 31, 2024
Operating right-of-use asset	$	6,004	$	7,338
Operating lease liability
Current	$	2,247	$	1,595
Non-current	4,741		6,453
Total operating lease liability	$	6,988	$	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
	SEPTEMBER 30, 2025
2025 (three months)	$	703
2026	2,855
2027	2,941
2028	1,492
Total future minimum lease payments	7,991
Less: imputed interest	(1,003)
Total operating lease liability	6,988
Less: current portion of operating lease liability	(2,247)
Non-current portion of operating lease liability	$	4,741