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LEASES (Tables)

12 Months Ended

Dec. 31, 2024

LEASES

Schedule of operating leases assets and liabilities

​

​	​	​	​	​	​	​	​	​
​	​	​	​	December 31,
(in thousands)		Classification on Consolidated Balance Sheet		2024			2023
Assets:				​		​	​
Operating lease right-of-use assets		Other assets	​	$	219	​	$	295
​	​	​	​	​	​	​	​	​
Liabilities:			​			​
Current portion of operating lease liabilities		Accrued expenses and other liabilities	​	$	79	​	$	77
Long-term operating lease liabilities		Other long-term liabilities	​		141	​		220
Total lease liabilities			​	$	220	​	$	297

Schedule of components of lease expense

​

​	​	​	​	​	​	​	​	​	​
(in thousands)		2024			2023		​	2022
Operating lease cost		$	89		$	93	​	$	59
Short-term lease cost		​	—		​	—	​	​	—
Variable lease cost	​	​	11	​	​	3	​	​	—
Total lease cost		$	100		$	96	​	$	59

Schedule of other information

​

​	​	​	​	​	​	​	​
As of December 31,		2024		​	2023		​
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)		$	77	​	$	77	​
ROU assets obtained in exchange for operating lease liabilities (in thousands)	​		—	​		127	​
Weighted average remaining lease term — operating leases (years)	​		2.7	​		3.7	​
Weighted average discount rate — operating leases	​		4.87	%		4.85	%

Schedule of future minimum lease payments

​

​	​	​	​
(in thousands)	​	​	​
As of December 31,		2024
2025	​	$	88
2026	​		85
2027	​		55
2028	​		6
2029	​		—
Total lease payments	​		234
Less: Amounts representing interest	​		(14)
Present value of lease liabilities	​	$	220

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- Definition

Represents information related to operating leases expenses.

+ References

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Represents information related to operating leases assets and liabilities.

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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

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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

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