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Fair Value Measurements
 6 Months Ended
Jun. 30, 2024
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 14 - FAIR VALUE MEASUREMENTS

 

Items Measured at Fair Value on a Recurring Basis:

 

The Company accounts for certain liabilities at fair value on a recurring basis and classifies these liabilities within the fair value hierarchy (Level 1, Level 2, or Level 3).

 

Liabilities subject to fair value measurements are as follows:

 

   June 30, 2024 
   Level 1   Level 2   Level 3   Total 
Liabilities:                
Warrant liabilities  $828,000   $
-
   $
-
   $828,000 
                     

 

The Company’s Warrants are traded on the Nasdaq. As such, the Warrant valuation is based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. The fair value of the Warrant liabilities is classified within Level 1 of the fair value hierarchy. There were no warrant liabilities as of December 31, 2023.