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LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Leases  
SUMMARY OF OPERATING LEASE LIABILITIES

The following table provides a summary of the Company’s operating lease liabilities (in thousands):

 

 

   September 30, 2023   December 31, 2022 
         
Current operating lease liability  $1,649   $1,773 
Non-current lease liability   4,043    5,854 
Total lease liability  $5,692   $7,627 
SCHEDULE OF COMPONENTS OF LEASE COST

Lease costs and rent are reflected in general and administrative expenses and research and development expenses in the condensed consolidated statements of operations and comprehensive loss, as determined by the underlying activities. The following table provides a summary of the components of lease costs and rent (in thousands):

  

   2023   2022   2023   2022 
   For the three months ended September 30,   For the nine months ended September 30, 
   2023   2022   2023   2022 
                 
Operating lease cost  $340   $467   $1,048   $1,400 
Variable lease cost   66    154    281    366 
Short-term lease cost   19    17    50    58 
Total operating lease costs  $425   $638   $1,379   $1,824 
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, of the Company’s operating lease liabilities as of September 30, 2023 were as follows (in thousands):

  

Future minimum lease payments and obligations  Operating Leases 
     
2023, remainder  $403 
2024   993 
2025   1,552 
2026   791 
2027   807 
Thereafter   2,516 
Total undiscounted operating lease payments   7,062 
Less: imputed interest   1,370 
Present value of operating lease liabilities  $5,692 
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

Future cash receipts from the Company’s sublease agreements as of September 30, 2023 are as follows (in thousands):

  

   Operating 
Future cash receipts  Subleases 
     
2023, remainder  $156 
2024   634 
2025   485 
Total future cash receipts  $1,275