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ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SCHEDULE OF FINANCIAL LIABILITIES MEASURED ON A RECURRING BASIS | The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of September 30, 2024 and December 31, 2023 (in thousands):
Description |  | Markets for Identical Assets (Level 1) |  | Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Carrying Value as of September 30, 2024
Derivative liabilities - warrant instruments |  | — |  |  | — |  |  | 3 |  |  | $ | 3 |
Long-term incentive plan |  | — |  |  | — |  |  | 274 |  |  | 274 |
Description |  | Markets for Identical Assets (Level 1) |  | Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Carrying Value as of December 31, 2023
Derivative liabilities - warrant instruments |  | — |  |  | — |  |  | $ | 205 |  |  | $ | 205 |
SUMMARY OF WARRANT INSTRUMENTS ROLLFORWARD | The following tables reconcile the beginning and ending balances of the warrant instruments and long-term incentive plan within Level 3 of the fair value hierarchy, respectively:
| Derivative Liabilities (in thousands) | Long-term incentive plan (in thousands)
Balance, June 30, 2024 | $ | 9 |  | $ | — |
Change in fair value | (6) |  | 274 |
Balance, September 30, 2024 | $ | 3 |  | $ | 274 |
| (in thousands) | (in thousands)
Balance, December 31, 2023 | $ | 205 |  | $ | — |
Change in fair value | (202) |  | 274
Balance, September 30, 2024 | $ | 3 |  | $ | 274 |
| (in thousands) | (in thousands)
Balance, June 30, 2023 | $ | 512 |  | $ | — |
Change in fair value | (90) |  | — |
Balance, September 30, 2023 | $ | 422 |  | $ | — |
| (in thousands) | (in thousands)
Balance, December 31, 2022 | $ | 472 |  | $ | — |
Change in fair value | (50) |  | — |
Balance, September 30, 2023 | $ | 422 |  | $ | — |
SCHEDULE OF DISAGGREGATED REVENUE |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| (in thousands) |  | (in thousands)
| 2024 |  | 2023 |  | 2024 |  | 2023
Product revenue | $ | 33,948 |  |  | $ | 47,383 |  |  | $ | 104,065 |  |  | $ | 130,599 |
Service revenue | 2,341 |  |  | 2,284 |  |  | 7,832 |  |  | 7,310 |
Total revenues, net | $ | 36,289 |  |  | $ | 49,667 |  |  | $ | 111,897 |  |  | $ | 137,909 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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