LEASES (Tables)

6 Months Ended

Jun. 30, 2024

LEASES [Abstract]

Rent Expense for All Operating Leases Except Those with Terms of 12 Months or Less

Rent expense for all operating leases, except those with terms of 12 months or less comprises:

	(in thousands)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Minimum rentals	$	4	$	4	$	8	$	6
Contingent rentals		—		—		—		—
	$	4	$	4	$	8	$	6

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Six Months Ended		Six Months Ended
	June 30, 2024		June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8	$	6
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	501	$	500

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	(in thousands, except lease term and discount rate)
	June 30, 2024			December 31, 2023
Operating Leases:
Operating lease right-of-use assets	$	501		$	506
Other current liabilities	$	9			9
Operating lease liabilities		499			503
Total operating lease liabilities	$	508		$	512
Weighted Average Remaining Lease Term
Operating leases	57 years			58 years
Weighted Average Discount Rate
Operating leases		5.0	%		5.0	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities that have initial or remaining non-cancelable lease terms in excess of one year as of June 30, 2024 are as follows:

	(in thousands)
	Operating Leases
Year
2024	$	35
2025		35
2026		35
2027		34
2028		27
Thereafter		1,424
Total undiscounted lease payments	$	1,590
Less effects of discounting		(1,082	)
Total lease liabilities recognized	$	508