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LEASES
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
The following table provides additional details of our facility leases presented in our condensed balance sheets:
($ in thousands)
FacilitiesSeptember 30, 2025December 31, 2024
Right-of-use assets$5,152$2,380
Current portion of lease liabilities1,4351,562
Operating lease liability, net of current portion4,0381,023
Total lease liabilities$5,473$2,585
Weighted-average remaining term (in years)3.41.8
Weighted-average discount rate5.6 %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 September 30,Nine Months Ended September 30,
(in thousands)
2025202420252024
Operating lease expense$409 $1,067 $1,779 $3,204 
Cash paid for operating leases$279 $1,229 $1,666 $3,594 
The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of September 30, 2025:
(in thousands)
Operating Leases
Remainder of 2025$427 
20261,784 
20271,836 
20281,402 
2029575 
Thereafter— 
Total undiscounted operating lease payments6,024 
Imputed interest expenses(551)
Total operating lease liabilities5,473 
Less: Current portion of operating lease liability(1,435)
Operating lease liability, net of current portion$4,038