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LEASES
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES LEASES
The following table provides additional details of our facility leases presented in our condensed balance sheets:
($ in thousands)
FacilitiesMarch 31, 2025December 31, 2024
Right-of-use assets$3,670$2,380
Current portion of lease liabilities1,3021,562
Operating lease liability, net of current portion2,5051,023
Total lease liabilities$3,807$2,585
Weighted-average remaining term (in years)2.81.8
Weighted-average discount rate6.0 %6.5 %
The lease costs, which are included in operating expenses in our condensed statements of operations and comprehensive loss, were as follows:
Three Months Ended March 31,
(in thousands)
20252024
Operating lease expense$977 $1,046 
Cash paid for operating leases$1,047 $1,166 
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of March 31, 2025:
(in thousands)
Operating Leases
Remainder of 2025$1,145 
20261,480 
20271,043 
2028469 
202921 
Thereafter— 
Total undiscounted operating lease payments4,158 
Imputed interest expenses(351)
Total operating lease liabilities3,807 
Less: Current portion of operating lease liability(1,302)
Operating lease liability, net of current portion$2,505