LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases

Summary of components of our lease cost

The following table summarizes the components of lease cost:

	Three Months Ended				Six Months Ended
	June 30				June 30
(in thousands)	2024		2023		2024		2023
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	—	$	6	$	—	$	15
Interest on lease obligation		—		2		—		3
Total finance lease cost		—		8		—		18
Total long-term operating lease cost		91		92		186		180
Total short-term operating lease cost		190		83		383		169
Total lease cost	$	281	$	183	$	569	$	367

Schedule of supplemental cash flow information related to leases

The following table summarizes supplemental cash flow information related to leases:

	Three Months Ended					Six Months Ended
	June 30					June 30
(in thousands)	2024		2023			2024			2023
Other Information
Cash paid for amounts included in the measurement of lease obligation:
Operating cash flows from operating leases	$	91	$	92	$	186		$	180
Right-of-use assets obtained in exchange for new operating lease obligations		—		—			—		—

Schedule of weighted average lease term and weighted average discount rate of leases

The following table presents other lease information related to the Company’s leases:

	June 30,		December 31,
	2024		2023
Weighted average remaining lease term (years)
Operating leases	2.3		2.7
Finance leases	—		—
Weighted average discount rate
Operating leases	3.5	%	3.5	%
Finance leases	—	%	—	%

Summary of maturities of operating lease liabilities

Future lease payments under non-cancelable leases as of June 30, 2024 were as follows:

(in thousands)	Operating Lease Obligations
Remaining fiscal 2024	$	180
2025		312
2026		140
2027		30
2028		24
Thereafter		11
Total lease payments		697
Less imputed interest		(38)
Lease obligation at June 30, 2024	$	659