LEASES

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

LEASES

LEASES

The components of operating lease expenses for the three and six months ended June 30, 2023 and 2022 are as follows (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Operating lease cost	$	602	$	600	$	1,204	$	1,178
Variable lease cost	80		52		159		115
Total operating lease cost	$	682	$	652	$	1,363	$	1,293

Maturities of lease liabilities are as follows (in thousands):

	Operating leases
Years ending - December 31:	(Unaudited)
2023 (remaining six months)	$	1,262
2024	2,570
2025	2,583
2026	2,660
2027	2,701
Thereafter	11,116
Total lease payments	22,892
Less amount to discount to present value	(4,505)
Present value of lease liabilities	$	18,387