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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table shows the breakout between cash and money market funds.

			December 31, 2023						December 31, 2022
Cash			$	50,373					$	91,189
Money market funds			697,237						516,991
Total			$	747,610					$	608,180

Property, Plant and Equipment

Asset Class			Estimated Useful Life
Furniture, fixtures and equipment			4 to 6 years
Leasehold improvements			5 to 7 years

Property and equipment consists of the following as of December 31, 2023 and December 31, 2022:

(In thousands)			2023						2022
Leasehold improvements			$	18,191					$	15,983
Furniture, fixtures and equipment			5,869						5,204
Total property and equipment			24,060						21,187
Less: accumulated depreciation			(12,268)						(8,218)
Total property and equipment, net			$	11,792					$	12,969

Depreciation expense is included within the following financial statement line items within the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss).

									Year Ended December 31,
(In thousands)															2023						2022						2021
Research and development															$	1,650					$	1,500					$	260
Sales and marketing															190						190						32
General and administrative															2,260						1,428						1,741
Total															$	4,100					$	3,118					$	2,033

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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Tabular disclosure of the components of cash and cash equivalents.

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