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LEASES | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
LEASES | NOTE 13—LEASES The Company's operating leases primarily consist of real estate leases such as offices. Our leases have remaining terms of approximately less than one year to four years. During the years ended December 31, 2024 and December 31, 2023, operating lease expense was $4.6 million and $4.8 million, respectively. We do not have any finance leases. Our total variable and short-term lease payments were immaterial for all periods presented. On June 30, 2024, the Company renewed its lease of office space located in Tel Aviv, Israel. The original lease term was set to expire on December 31, 2024. The renewed lease term extends for an additional three years through December 31, 2027. As a result of the lease renewal, the Company recognized an additional right-of-use asset and lease liability of $3.4 million. Supplemental balance sheet information related to operating leases are as follows:
|  | December 31, 2024 |  | December 31, 2023
Operating lease right-of-use assets, net |  | $ | 9,703 |  | $ | 9,369
Operating lease liabilities, current |  | 3,405 |  | 4,236
Operating lease liabilities, noncurrent |  | 6,659 |  | 5,699
Operating lease liabilities, total |  | $ | 10,064 |  | $ | 9,935
Weighted average remaining lease term, years |  | 2.9 |  | 3.1
Weighted average discount rate |  | 6.1 | % |  | 4.5 | %
Operating lease liability maturities:
Year ending December 31, |  | Operating Leases
2025 |  | $ | 3,936 |
2026 |  | 3,705 |
2027 |  | 2,945 |
2028 and thereafter |  | 382 |
Total undiscounted cash flows |  | $ | 10,968 |
Less: imputed interest |  | $ | (904) |
Lease liabilities, total |  | $ | 10,064 |
As of December 31, 2024, we did not have material additional operating leases that have not yet commenced.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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