LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Costs

Information about the Company’s lease costs are as follows:

	Year Ended December 31,
(in thousands)	2023		2022
Operating lease costs	$	732	$	213
Finance lease costs:
Amortization of right-of-use assets	31		138
Interest on lease liabilities	2		5
Variable lease costs	44		16
Total lease costs	$	809	$	372

Cash information related to our leases are as follows:

	Year Ended December 31, 2023				Year Ended December 31, 2022
(in thousands)	Operating		Finance		Operating		Finance
Cash paid for lease liabilities	$	643	$	40	$	219	$	153

Information about the Company’s weighted average remaining lease terms and discount rate assumptions are as follows:

	Year Ended December 31, 2023		Year Ended December 31, 2022
	Operating	Finance	Operating	Finance
Weighted average remaining lease term (in years)	8.9	3.6	4.4	3.9
Weighted average discount rate	8.42%	2.32%	2.54%	2.60%

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:

(In thousands)	Operating		Finance
2024	$	778	$	21
2025	805		21
2026	832		21
2027	860		12
2028	764		—
Thereafter	3,752		—
Total lease payments	7,791		75
Less imputed interest	(2,548)		(2)
Present value of lease liabilities	5,243		73
Less current portion of lease liabilities	(347)		(20)
Long-term portion of lease liabilities	$	4,896	$	53

Schedule of Maturity of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:

(In thousands)	Operating		Finance
2024	$	778	$	21
2025	805		21
2026	832		21
2027	860		12
2028	764		—
Thereafter	3,752		—
Total lease payments	7,791		75
Less imputed interest	(2,548)		(2)
Present value of lease liabilities	5,243		73
Less current portion of lease liabilities	(347)		(20)
Long-term portion of lease liabilities	$	4,896	$	53