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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]  
Liabilities Measured at Fair Value

The following tables summarize the liabilities that are measured at fair value as of June 30, 2023 and December 31, 2022 (in thousands):

Description
  
Level
     June 30,
2023
     December 31,
2022
  
Liabilities:
                  
Warrant liabilities - Common Warrants
    
3
    
$
185
    
$
331
  
Market Cap Contingent Consideration
    3     $ 107     $ -  
Fair Valuation of Assumptions The following assumptions were used in the fair valuation calculation as of the acquisition date and June 30, 2023:


   
Acquisition Date
    
June 30, 2023
  
Stock price
  
$
3.00
    
$
2.26
  
Risk-free rate
    
3.58
%
    
4.46
%
Volatility
    
100
%
    
90
%
Dividend yield
    
0
%
    
0
%
Expected term
  
3.0 years
    
2.82 years
  
Changes in Warrant Liabilities

The following table presents the changes in the warrant liabilities from January 1, 2023 through June 30, 2023, as well as the initial measurement of the Market Cap Contingent Consideration as of the acquisition date of the Exacis Assets and the changes in such contingent consideration as of June 30, 2023 (in thousands):


 
  
Warrant
Liabilities
     Contingent Consideration
 
             
Fair value at January 1, 2023
  
$
331
     $ -  
Initial measurement of Market Cap Contingent Consideration
    -       225  
Change in fair value
    
(146
)
     (118 )
Fair value at June 30, 2023
  
$
185
     $ 107