XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Investments, All Other Investments [Abstract] |
SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS | The following fair value hierarchy table present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023: SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS
|  | Fair Value Measurement as of June 30, 2023 |
|  | (In thousands) |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Balance |
Warrant liability |  | $ | - |  |  | $ | - |  |  | $ | 2,200 |  |  | $ | 2,200 |
Total |  | $ | - |  |  | $ | - |  |  | $ | 2,200 |  |  | $ | 2,200 |
SCHEDULE OF FAIR VALUE LIABILITIES ON RECURRING BASIS | The following table represent a reconciliation of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months and six months ended June 30, 2023: SCHEDULE OF FAIR VALUE LIABILITIES ON RECURRING BASIS
|  | Warrant Liability |
|  | (In thousands) |
Beginning balance, January 1 |  | $ | - |
Issuance of warrants |  |  | 14,453 |
Exercise of warrants |  |  | (2,847 | )
Change in fair value upon re-measurement |  |  | (10,273 | )
Ending balance, March 31 |  | $ | 1,333 |
Change in fair value upon re-measurement |  |  | 867 |
Ending balance, June 30 |  | $ | 2,200 |
SCHEDULE OF FAIR VALUE PRICING MODEL | The Company has re-measured the liability to estimate fair value at June 30, 2023, using the Black-Scholes option pricing model with the following assumptions: SCHEDULE OF FAIR VALUE PRICING MODEL
|  | January 9, 2023 |  |  | March 31, 2023 |  |  | June 30, 2023 |
Measurement date closing price of Common Stock (1) |  | $ | 1.44 |  |  | $ | 0.34 |  |  | $ | 0.51 |
Contractual term (years) (2) |  |  | 5.5 |  |  |  | 5.3 |  |  |  | 5.0 |
Risk-free interest rate |  |  | 3.6 | % |  |  | 3.5 | % |  |  | 4.1 | %
Volatility |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
| (1) | Based on the trading value of common stock of Vivos Therapeutics, Inc. as of January 9, 2023 and each presented period ending date.
| (2) | The valuation of warrants is based on the expected term.

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
- 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 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
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