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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
NET INVESTMENT IN LEASE |
Schedule of operating leases assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | December 31,
(in thousands) |  | Classification on Consolidated Balance Sheet |  | 2023 |  | 2022
Assets: |  |  |  | ​ |  | ​ | ​ |
Operating lease right-of-use assets |  | Other assets | ​ | $ | 295 | ​ | $ | 239
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  | ​ |  |  | ​ |  |
Current portion of operating lease liabilities |  | Accrued expenses and other liabilities | ​ | $ | 77 | ​ | $ | 57
Long-term operating lease liabilities |  | Other long-term liabilities | ​ |  | 220 | ​ |  | 180
Total lease liabilities |  |  | ​ | $ | 297 | ​ | $ | 237
Schedule of components of lease expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | 2023 | ​ | 2022
Operating lease cost |  | $ | 93 | ​ | $ | 59
Short-term lease cost |  | ​ | — | ​ | ​ | —
Variable Lease Cost | ​ | ​ | 3 | ​ | ​ | —
Total lease cost |  | $ | 96 | ​ | $ | 59
Schedule of other information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, |  | 2023 | ​ | 2022 | ​
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands) |  | $ | 77 | ​ | $ | 55 | ​
ROU assets obtained in exchange for operating lease liabilities (in thousands) | ​ |  | 127 | ​ |  | 222 | ​
Weighted average remaining lease term — operating leases (years) | ​ |  | 3.7 | ​ |  | 4.2 | ​
Weighted average discount rate — operating leases | ​ |  | 4.85 | % |  | 4.97 | %
Schedule of future minimum lease payments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, | ​ | 2023 |  | 2022
(in thousands) |  | ​ | ​ | ​ | ​ | ​
2023 |  | $ | — |  | $ | 68
2024 | ​ | ​ | 89 | ​ | ​ | 58
2025 | ​ |  | 88 | ​ |  | 56
2026 | ​ |  | 85 | ​ |  | 55
2027 | ​ |  | 55 | ​ |  | 26
2028 | ​ |  | 6 | ​ |  | —
Total lease payments | ​ |  | 323 | ​ |  | 263
Less: Amounts representing interest | ​ |  | (26) | ​ |  | (26)
Present value of lease liabilities | ​ | $ | 297 | ​ | $ | 237

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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