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INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
Investments, All Other Investments [Abstract] |
SCHEDULE OF FAIR VALUE HIERARCHY ASSETS AND LIABILITIES | The valuation inputs hierarchy classification for assets measured at fair value on a recurring basis are summarized below as of March 31, 2024 and December 31, 2023 (in thousands). These tables do not include cash held in our money market savings accounts. SCHEDULE OF FAIR VALUE HIERARCHY ASSETS AND LIABILITIES
As of March 31, 2024 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | - |  |  | $ | 11,526 |  |  | $ | - |  |  | $ | 11,526 |
U.S. Treasury securities |  |  | - |  |  |  | 17,244 |  |  |  | - |  |  |  | 17,244 |
|  | $ | - |  |  | $ | 28,770 |  |  | $ | - |  |  | $ | 28,770 |
As of December 31, 2023 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | - |  |  | $ | 8,471 |  |  | $ | - |  |  | $ | 8,471 |
U.S. Treasury securities |  |  | - |  |  |  | 20,140 |  |  |  | - |  |  |  | 20,140 |
|  | $ | - |  |  | $ | 28,611 |  |  | $ | - |  |  | $ | 28,611 |
SCHEDULE OF UNREALIZED GAIN OR LOSS ON SHORT-TERM INVESTMENTS | Our short-term investments are summarized below as of March 31, 2024 and December 31, 2023 (in thousands). SCHEDULE OF UNREALIZED GAIN OR LOSS ON SHORT-TERM INVESTMENTS
|  |  |  |  |  |  |  |  |  |  | Investment |
|  | Cost/ |  |  | Gross |  |  | Gross |  |  | Securities, |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Available- |
|  | Cost |  |  | Gains |  |  | Losses |  |  | For-Sale |
As of March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 11,531 |  |  | $ | 2 |  |  | $ | (7 | ) |  | $ | 11,526 |
U.S. Treasury securities |  |  | 17,247 |  |  |  | 3 |  |  |  | (6 | ) |  |  | 17,244 |
|  | $ | 28,778 |  |  | $ | 5 |  |  | $ | (13 | ) |  | $ | 28,770 |
|  |  |  |  |  |  |  |  |  |  | Investment |
|  | Cost/ |  |  | Gross |  |  | Gross |  |  | Securities, |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Available- |
|  | Cost |  |  | Gains |  |  | Losses |  |  | For-Sale |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 8,466 |  |  | $ | 6 |  |  | $ | (1 | ) |  | $ | 8,471 |
U.S. Treasury securities |  |  | 20,119 |  |  |  | 21 |  |  |  | - |  |  |  | 20,140 |
|  | $ | 28,585 |  |  | $ | 27 |  |  | $ | (1 | ) |  | $ | 28,611 |
SCHEDULE OF MATURITY DATE OF AVAILABLE-FOR-SALE SECURITIES | The maturities of the investment securities available-for-sale as of March 31, 2024 and December 31, 2023 are shown below (in thousands): SCHEDULE OF MATURITY DATE OF AVAILABLE-FOR-SALE SECURITIES
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
As of March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than one year |  | $ | 28,778 |  |  | $ | 5 |  |  | $ | (13 | ) |  | $ | 28,770 |
|  | $ | 28,778 |  |  |  |  |  |  |  |  |  |  | $ | 28,770 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than one year |  | $ | 28,585 |  |  | $ | 27 |  |  | $ | (1 | ) |  | $ | 28,611 |
|  | $ | 28,585 |  |  |  |  |  |  |  |  |  |  | $ | 28,611 |
SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS SECURITIES | The following table summarizes investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for more than 12 months as of March 31, 2024 and December 31, 2023 (in thousands): SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS SECURITIES
|  | Less than Twelve Months |  |  | Twelve Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
As of March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 5,667 |  |  | $ | (7 | ) |  | $ | - |  |  | $ | - |  |  | $ | 5,667 |  |  | $ | (7 | )
U.S. Treasury securities |  |  | 8,381 |  |  |  | (6 | ) |  |  | - |  |  |  | - |  |  |  | 8,381 |  |  |  | (6 | )
|  | $ | 14,048 |  |  | $ | (13 | ) |  | $ | - |  |  | $ | - |  |  | $ | 14,048 |  |  | $ | (13 | )
|  | Less than Twelve Months |  |  | Twelve Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 1,488 |  |  | $ | (1 | ) |  | $ | - |  |  | $ | - |  |  | $ | 1,488 |  |  | $ | (1 | )
U.S. Treasury securities |  |  | 1,486 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,486 |  |  |  | - |
|  | $ | 2,974 |  |  | $ | (1 | ) |  | $ | - |  |  | $ | - |  |  | $ | 2,974 |  |  | $ | (1 | )

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