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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS

Financial assets  measured at fair value on a recurring and non-recurring basis as of March 31, 2022 and December 31, 2021 are summarized below:

 

(in thousands)                
Description  Fair Value at
March 31,
2022		   Level 1   Level 2   Level 3 
Recurring Assets:                    
Cash equivalents                    
Money market fund  $16,694   $16,694   $-   $- 
Short-term investments                    
U.S. treasury securities   10,989    -    10,989    - 
Total assets measured at fair value  $27,683   $16,694   $10,989   $- 

 

Description  Fair Value at
December 31,
2021		   Level 1   Level 2   Level 3 
                     
Recurring Assets:                    
Cash equivalents                              
Money market fund  $28,590   $28,590   $-   $- 
Short-term investments                    
U.S. treasury securities   12,086    -    12,086    - 
Total recurring assets   40,676    28,590    12,086    - 
                     
Non-recurring Assets                    
Licensed technology, net  $1,384   $-   $-   $1,384 
                     
Total assets measured at fair value  $42,060   $28,590   $12,086   $1,384