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NOTES PAYABLE AND DERIVATIVE LIABILITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Payable And Derivative Liability |
SCHEDULE OF SUPPLEMENT BALANCE SHEET | Supplemental balance sheet information is as follows: SCHEDULE OF SUPPLEMENT BALANCE SHEET
(in thousands) |  | 2024 |  |  | 2023 |
|  | Year Ended December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Amount repayable at maturity |  | $ | 47,575 |  |  | $ | - |
Unamortized debt discount |  |  | (12,021 | ) |  |  | - |
Unamortized issuance costs |  |  | (2,552 | ) |  |  | - |
Net carrying amount |  |  | 33,002 |  |  |  | - |
SCHEDULE OF MATURITIES LONG TERM DEBT | Maturities of partial repayments, if elected by the Holder, are as follows: SCHEDULE OF MATURITIES LONG TERM DEBT
(in thousands) |  |  |
Years Ended December 31, |  | Maturities |
2025 |  | $ | 38,500 |
2026 |  |  | 9,075 |
Total partial repayments |  | $ | 47,575 |
SCHEDULE OF DERIVATIVES INSTRUMENTS | The fair value of derivatives not designated as hedging instruments are as follows: SCHEDULE OF DERIVATIVES INSTRUMENTS
(in thousands) |  | 2024 |  |  | 2023 |
|  | Year Ended December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Derivative liability |  | $ | 14,581 |  |  | $ | - |
Total |  | $ | 14,581 |  |  | $ | - |
SCHEDULE OF UNREALIZED GAIN AND LOSS INSTRUMENTS | Unrealized gains and losses associated with derivatives not designated as hedging instruments are as follows: SCHEDULE OF UNREALIZED GAIN AND LOSS INSTRUMENTS
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Year Ended December 31, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Unrealized loss on derivative liability |  | $ | (8,866 | ) |  | $ | - |  |  | $ | - |
Total |  | $ | (8,866 | ) |  | $ | - |  |  | $ | - |
SCHEDULE OF HIERARCHY LIABILITIES FAIR VALUE | The valuation inputs hierarchy classification for liabilities measured at fair value on a recurring basis are summarized below as of December 31, 2024 and 2023 (in thousands). See Note 6. Investment Securities, Available-For-Sale and Fair Value Measurements, for discussion of the fair value level hierarchy. SCHEDULE OF HIERARCHY LIABILITIES FAIR VALUE
As of December 31, 2024 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative liability |  | $ | - |  |  | $ | - |  |  | $ | 14,581 |
Total |  | $ | - |  |  | $ | - |  |  | $ | 14,581 |
SCHEDULE OF REVALUATION DERIVATIVE LIABILITY | The table below lists the inputs and assumptions for the Company’s initial valuation as of October 23, 2024 and re-valuation of the derivative liability as of December 31, 2024: SCHEDULE OF REVALUATION DERIVATIVE LIABILITY
|  | December 31, |  |  | October 23, |
|  | 2024 |  |  | 2024 |
Expected term (years) |  |  | 1.75 |  |  |  | 1.94 |
Risk-free interest rate |  |  | 4.18 | % |  |  | 4.04 | %
Dividend yield |  |  | 0 | % |  |  | 0 | %
Volatility |  |  | 78.02 | % |  |  | 73.00 | %
Discount rate |  |  | 50.0 | % |  |  | 50.0 | %

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