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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

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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- References

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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

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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

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