XML 31 R22.htm IDEA: XBRL DOCUMENT v3.23.1

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS

The following table provides a summary of financial assets measured at fair value on a recurring and non-recurring basis as of March 31, 2023 and December 31, 2022 (in thousands):

SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS 

Description		Fair Value at March 31, 2023				Level 1				Level 2				Level 3
Recurring Assets
Cash equivalents
Money market fund		$	4,133			$	4,133			$	—			$	—
Short-term investments
U.S. treasury and federal agency securities			35,684				—				35,684				—
Total assets measured at fair value		$	39,817			$	4,133			$	35,684			$	—
Liabilities
Warrant liabilities		$	17,392				—				—			$	17,392
Total liabilities measured at fair value		$	17,392			$	—			$	—			$	17,392

Description		Fair Value at December 31, 2022				Level 1				Level 2				Level 3
Recurring Assets:
Cash equivalents
Money market fund		$	12,923			$	12,923			$	—			$	—
Short-term investments
U.S. treasury and federal agency securities			37,932				—				37,932				—
Total assets measured at fair value		$	50,855			$	12,923			$	37,932			$	—
Liabilities
Warrant liabilities		$	19,657				—				—			$	19,657
Total liabilities measured at fair value		$	19,657			$	—			$	—			$	19,657

SCHEDULE OF ESTIMATE FAIR VALUE OF WARRANTS

 SCHEDULE OF ESTIMATE FAIR VALUE OF WARRANTS

		As of March 31,
		2023				2022
Common share price		$	2.82			$	8.00
Expected term (years)			3.72 – 4.59				4.72
Risk-free interest rate (%)			3.56% – 3.65%				2.40%
Volatility (%)			103.82% – 110.51%				101.36%

SCHEDULE OF ACTIVITY OF WARRANT LIABILITIES

The following table provides a summary of the activity on the warrant liabilities (in thousands):

 SCHEDULE OF ACTIVITY OF WARRANT LIABILITIES

Warrant liabilities as of December 31, 2022		$	19,657
Gain recognized in earnings from change in fair value			(2,265	)
Loss recognized in earnings from change in fair value			-
Warrant liabilities as of March 31, 2023		$	17,392

X

- Definition

Schedule Of Activity Warranty Liability [Table Text Block]

+ References

No definition available.

+ Details

Name:	abeo_ScheduleOfActivityWarrantyLiabilityTableTextBlock
Namespace Prefix:	abeo_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration