LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases

SUMMARY OF OPERATING LEASE LIABILITIES

The following table provides a summary of the Company’s operating lease liabilities (in thousands):

	September 30, 2024		December 31, 2023
Current operating lease liability	$	1,057	$	998
Non-current operating lease liability		3,402		4,402
Total operating lease liability	$	4,459	$	5,400

SCHEDULE OF COMPONENTS OF LEASE COST

Lease costs and rent are reflected in general and administrative expenses and research and development expenses in the consolidated statements of operations and comprehensive loss, as determined by the underlying activities. The following table provides a summary of the components of lease costs and rent (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2024		2023		2024		2023
Operating lease cost	$	312	$	340	$	974	$	1,048
Variable lease cost		96		66		292		281
Short-term lease cost		8		19		42		50
Total operating lease costs	$	416	$	425	$	1,308	$	1,379

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, related to the Company’s operating lease liabilities as of September 30, 2024 were as follows (in thousands):

Future minimum lease payments and obligations	Operating Leases
2024, remainder	$	450
2025		853
2026		791
2027		807
2028		823
Thereafter		1,693
Total undiscounted operating lease payments		5,417
Less: imputed interest		958
Present value of operating lease liabilities	$	4,459

SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

	Operating
Future cash receipts	Subleases
2024, remainder	$	160
2025		485
Total future cash receipts	$	645