SEGMENT INFORMATION |
6 Months Ended |
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Jun. 30, 2025 | |
| Segment Reporting [Abstract] | |
| SEGMENT INFORMATION | SEGMENT INFORMATION The Company organized its operations into a single reportable segment, managed on a consolidated basis. The Company has determined that the Chief Executive Officer is its chief operating decision maker ("CODM"). The CODM assesses performance for the segment and decides how to allocate resources based on net loss that also is reported on the income statement as consolidated net loss. The CODM compares net loss from budget to actual result to assess segment performance and adjust resource allocations as necessary. In accordance with the adoption of ASU 2023-07 in 2024, the Company determined to disclose personnel costs which requires retrospective application to all prior periods presented in the financial statements. The personnel-related costs are the significant segment expenses included in the net loss that are regularly provided to the CODM. Personnel-related costs were $52.8 million and $97.8 million, respectively, and represented 64.5% and 64.6%, respectively, of total operating expenses during the three and six months ended June 30, 2025. Personnel-related costs were $22.3 million and $44.9 million, respectively, and represented 62.7% and 63.8%, respectively, of total operating expenses during the three and six months ended June 30, 2024.
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