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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases  
SUMMARY OF OPERATING LEASE LIABILITIES

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

 

   March 31, 2024   December 31, 2023 
         
Current operating lease liability  $1,044   $998 
Non-current operating lease liability   4,046    4,402 
Total operating lease liability  $5,090   $5,400 
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):

  

    2024     2023  
    For the three months ended March 31,  
    2024     2023  
             
Operating lease cost   $ 334     $ 415  
Variable lease cost     74       39  
Short-term lease cost     23       18  
Total operating lease costs   $ 431     $ 472  
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 March 31, 2024 were as follows (in thousands):

  

Future minimum lease payments and obligations  Operating Leases 
     
2024, remainder  $591 
2025   1,555 
2026   791 
2027   807 
2028   823 
Thereafter   1,693 
Total undiscounted operating lease payments   6,260 
Less: imputed interest   1,170 
Present value of operating lease liabilities  $5,090 
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

 

   Operating 
Future cash receipts  Subleases 
     
2024, remainder  $477 
2025   485 
Total future cash receipts  $962