v3.26.1
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Costs
For the three and six months ended June 30, 2026 and 2025, the Company had expenses related to its operating leases as follows:
(in thousands)Statements of OperationsThree Months Ended
June 30,		Six Months Ended
June 30,
Lease CostClassification2026202520262025
Operating lease costGeneral and administrative expense$108 $94 $215 $188 
Variable lease costGeneral and administrative expense48 46 96 94 
Total operating lease cost$156 $140 $311 $282 
Schedule of Operating and Financing Lease – Supplemental Information
For the six months ended June 30, 2026 and 2025, supplemental information related to the Company’s operating lease arrangements are as follows:
(in thousands)Six Months Ended
June 30,
Operating lease – supplemental information20262025
ROU assets obtained in exchange for operating lease$365 $309 
Weighted average remaining lease term – operating leases0.8 years1.1 years
Discount rate – operating leases7.50%7.50%