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ACCRUED EXPENSES
12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
Accrued expenses are comprised of the following as of December 31, 2024 and 2023:
20242023
Professional fees$84 $
Payroll and related764 1,159 
Incentive bonuses465 824 
Sales tax accrual270 1,064 
Insurance financing178 — 
Other(19)197 
$1,742 $3,245 
Insurance Financing Arrangement
In July 2024, the Company entered into a financing arrangement related to insurance premiums totaling $334 with an interest rate of 8.58%. The monthly loan payments of $30 are paid to financing company over a period of 11 months. As of December 31, 2024, the Company had $190 in remaining commitments related to this financing arrangement.
In February 2023, the Company entered into a financing arrangement related to insurance premiums totaling $49 with an interest rate of 9.47%. The monthly loan payments of $5 were paid to a financing company for a total of 11 months.
The Company was not subject to any financial covenants related to this insurance financing arrangement. The balance of this financing arrangement is included in the balance sheets within the Accrued expenses financial statement line item.