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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
FAIR VALUE MEASUREMENTS [Abstract] |
Assets and Liabilities Measured at Fair Value | The following table sets forth the Company’s assets and liabilities that were measured at fair value as of December 31, 2023 and 2022, by level within the fair value hierarchy:
|  |  |  | Fair value measurements as of |
Description |  | Fair Value Hierarchy |  | December 31, 2023 |  |  | December 31, 2022 |
Assets: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market accounts and funds |  | Level 1 |  | $ | 72,510 |  |  | $ | 22,583 |
Short-term investments: |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | Level 2 |  | $ | 3,651 |  |  | $ | 21,636 |
Commercial paper |  | Level 2 |  | $ | 2,074 |  |  | $ | 8,565 |
U.S. government treasuries |  | Level 2 |  | $ | — |  |  | $ | 46,222 |
U.S. agency bonds |  | Level 2 |  | $ | — |  |  | $ | 20,491 |
Derivative instruments asset: |  |  |  |  |  |  |  |  |  |
Derivative instruments designated as cash flow hedging instruments |  | Level 2 |  | $ | 948 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |
Warrants liability: |  |  |  |  |  |  |  |  |  |
Public Warrants |  | Level 1 |  | $ | (4,253 | ) |  | $ | (2,856 | )
Private Warrants |  | Level 3 |  | $ | (1,876 | ) |  | $ | (3,900 | )
Derivative instruments liability: |  |  |  |  |  |  |  |  |  |
Derivative instruments designated as cash flow hedging instruments |  | Level 2 |  | $ | — |  |  | $ | (313 | )
Changes in Fair Value of Warrants Liability | The following table presents the changes in the fair value of Warrants liability:
Input |  | Private Warrants |  |  | Public Warrants |  |  | Total Warrants |
Fair value as of December 31, 2022 |  | $ | 3,900 |  |  | $ | 2,856 |  |  | $ | 6,756 |
Change from private to public holdings |  |  | (2,025 | ) |  |  | 2,025 |  |  |  | — |
Change in fair value |  |  | 1 |  |  |  | (628 | ) |  |  | (627 | )
Fair value as of December 31, 2023 |  | $ | 1,876 |  |  | $ | 4,253 |  |  | $ | 6,129 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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