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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
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 (in thousands): SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS
Description |  | Fair Value at December 31, 2024 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Recurring Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 17,627 |  |  | $ | 17,627 |  |  | $ | — |  |  | $ | — |
Money market deposit account |  |  | 5,109 |  |  |  | 5,109 |  |  |  | — |  |  |  | — |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  |  | 23,968 |  |  |  | 23,968 |  |  |  | — |  |  |  | — |
U.S. federal agency securities |  |  | 40,375 |  |  |  | — |  |  |  | 40,375 |  |  |  | — |
Certificates of deposit |  |  | 10,020 |  |  |  | — |  |  |  | 10,020 |  |  |  | — |
Total assets measured at fair value |  | $ | 97,099 |  |  | $ | 46,704 |  |  | $ | 50,395 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liabilities |  | $ | 32,014 |  |  | $ | — |  |  | $ | — |  |  | $ | 32,014 |
Total liabilities measured at fair value |  | $ | 32,014 |  |  | $ | — |  |  | $ | — |  |  | $ | 32,014 |
Description |  | Fair Value at December 31, 2023 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Recurring Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund |  | $ | 1,034 |  |  | $ | 1,034 |  |  | $ | — |  |  | $ | — |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  |  | 8,393 |  |  |  | 8,393 |  |  |  | — |  |  |  | — |
U.S. federal agency securities |  |  | 29,360 |  |  |  | — |  |  |  | 29,360 |  |  |  | — |
Total assets measured at fair value |  | $ | 38,787 |  |  | $ | 9,427 |  |  | $ | 29,360 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payable to licensor |  | $ | 4,580 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,580 |
Warrant liabilities |  |  | 31,352 |  |  |  | — |  |  |  | — |  |  |  | 31,352 |
Total liabilities measured at fair value |  | $ | 35,932 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,932 |
SCHEDULE OF OUTSTANDING WARRANT LIABILITIES | As of December 31, 2024 and 2023, the Company had the following outstanding warrants: SCHEDULE OF OUTSTANDING WARRANT LIABILITIES
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Warrants issued as part of the 2021 public offering, expiration date December 2026, exercise price of $9.75 per share |  |  | 1,788,000 |  |  |  | 1,788,000 |
Warrants issued as part of the 2022 Private Placement Offering, expiration date November 2027, exercise price $4.75 per share |  |  | 7,609,879 |  |  |  | 7,609,879 |
Warrants issued as part of the 2024 Loan Agreement, expiration date January 2029, exercise price $4.07 per share |  |  | 589,681 |  |  |  | — |
Outstanding warrant liabilities |  |  | 7,609,879 |  |  |  | 7,609,879 |
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
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Beginning warrant liabilities |  | $ | 31,352 |  |  | $ | 19,657 |
Fair value of warrants issued in connection with the Loan Agreement |  |  | 220 |  |  |  | — |
Loss recognized in earnings from change in fair value |  |  | 442 |  |  |  | 11,695 |
Ending warrant liabilities |  | $ | 32,014 |  |  | $ | 31,352 |
SCHEDULE OF ESTIMATE FAIR VALUE OF WARRANTS | The following table outlines the key inputs for the Black-Scholes option-pricing model: SCHEDULE OF ESTIMATE FAIR VALUE OF WARRANTS
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Common share price |  |  | $5.57 |  |  |  | $5.01 |
Expected term (years) |  |  | 1.96 – 4.02 |  |  |  | 2.96 – 3.84 |
Risk-free interest rate (%) |  |  | 4.16% – 4.24% |  |  |  | 3.84% – 3.92% |
Volatility (%) |  |  | 92.64% - 100.00% |  |  |  | 100.00% |
Expected dividend yield (%) |  |  | 0% |  |  |  | 0% |
SCHEDULE OF ACTIVITY OF DERIVATIVE LIABILITIES | The following table provides a summary of the activity on the derivative liabilities (in thousands): SCHEDULE OF ACTIVITY OF DERIVATIVE LIABILITIES
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Beginning derivative liabilities |  | $ | — |  |  | $ | — |
Fair value of derivatives issued in connection with Loan Agreement |  |  | 822 |  |  |  | — |
Loss recognized in earnings from change in fair value |  |  | 313 |  |  |  | — |
Reclassification of derivative liability in connection with the Loan Agreement |  |  | (1,135 | ) |  |  | — |
Ending derivative liabilities |  | $ | — |  |  | $ | — |

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