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LEASES (Tables)

6 Months Ended

Jun. 30, 2024

LEASES [Abstract]

Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to leases are as follows:

		For the Six Months Ended June 30,
		2024				2023
Cash used in operating leases		$	10,962			$	11,412
ROU assets obtained in exchange for new lease obligations		$	46,876			$	—

ROU Lease Assets and Lease Liabilities

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

		June 30, 2024				December 31, 2023
Right of use assets, net		$	46,876			$	10,664
Short-term operating lease liabilities		$	22,872			$	10,664
Long-term operating lease liabilities			24,004				—
Total lease liabilities		$	46,876			$	10,664
Weighted average remaining lease term (in years)			2.00				0.50
Weighted average discount rate			4.8%				9.5%

Components of Lease Expenses

The components of lease expense were as follows for each of the periods presented, which are included in general and administrative expenses in the condensed consolidated statements of operations:

		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2024				2023				2024				2023
Operating lease expense		$	5,481			$	5,481			$	10,962			$	11,412
Short-term lease expense			6,956				8,067				14,998				12,879
Total operating lease costs		$	12,437			$	13,548			$	25,960			$	24,291

Future Lease Payments Included in Measurement of Lease Liabilities

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2024, were as follows:

		June 30, 2024
2024 (remaining)		$	12,306
2025			24,612
2026			12,306
Total future minimum lease payments			49,224
Less imputed interest			(2,348	)
Total		$	46,876

X

- Definition

Tabular disclosure of lessee's operating lease assets and liabilities recognized in the statement of financial position.

+ References

No definition available.

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

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