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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases  
SUMMARY OF OPERATING LEASE LIABILITIES

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

 

   2023   2022 
   As of December 31, 
   2023   2022 
         
Current operating lease liability  $998   $1,773 
Non-current operating lease liability   4,402    5,854 
Total operating lease liability  $5,400   $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 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 
   For the year ended December 31, 
   2023   2022 
         
Operating lease cost  $1,389   $1,865 
Variable lease cost   358    434 
Short-term lease cost   63    79 
Total operating lease costs  $1,810   $2,378 
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, related to the Company’s operating lease liabilities as of December 31, 2023 were as follows (in thousands):

  

Future minimum lease payments and obligations  Operating Leases 
     
2024  $998 
2025   1,555 
2026   791 
2027   807 
2028   823 
Thereafter   1,693 
Total undiscounted operating lease payments   6,667 
Less: imputed interest   1,267 
Present value of operating lease liabilities  $5,400 
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

 

   Operating 
Future cash receipts  Subleases 
     
2024  $634 
2025   485 
Total future cash receipts  $1,119