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LEASES
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
LEASES LEASES
All of our leases are operating leases and each contain customary rent escalation clauses. Certain of the leases have both lease and non-lease components. We have elected to account for each separate lease component and the non-lease components associated with that lease component as a single lease component for all classes of underlying assets.
The following table provides additional details of our facility leases presented in our condensed balance sheets (dollars in thousands):
FacilitiesSeptember 30, 2024December 31, 2023
Right-of-use assets$3,625$5,589
Current portion of lease liabilities2,5674,435
Operating lease liability, net of current portion1,2181,725
Total lease liabilities$3,785$6,160
Weighted-average remaining life (years)1.71.6
Weighted-average discount rate6.6 %6.8 %
The lease costs, which are included in operating expenses in our condensed statements of operations and comprehensive income (loss), were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease expense$1,067 $1,061 $3,204 $3,127 
Cash paid for operating lease$1,229 $1,119 $3,594 $3,316 
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of September 30, 2024 (in thousands):
Remainder of 2024$1,255 
20251,660 
2026702 
2027238 
2028124 
Thereafter21 
Total undiscounted operating lease payments4,000 
Imputed interest expenses(215)
Total operating lease liabilities3,785 
Less: Current portion of operating lease liability(2,567)
Operating lease liability, net of current portion$1,218