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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024 and December 31,2023 (in thousands):
Description |  | Level |  |  | March 31, 2024 |  |  | December 31, 2023 |
Liabilities: |  |  |  |  |  |  |  |  |
Warrant liabilities - Q1-22 warrants |  |  | 3 |  |  | $ | 186 |  |  | $ | 116 |
Market cap contingent consideration |  |  | 3 |  |  | $ | 107 |  |  | $ | 107 |
Changes in Warrant Liabilities | The following table presents the changes in the liabilities measured at fair value from January 1, 2024 through March 31, 2024 (in thousands):
|  | Warrant Liabilities |  |  | Contingent Consideration |
Fair value at January 1, 2024 |  | $ | 116 |  |  | $ | 107 |
Change in fair value |  |  | 70 |  |  |  | - |
Fair value at March 31, 2024 |  | $ | 186 |  |  | $ | 107 |
Fair Value and Carrying Values of Convertible Notes | The table below is provided for comparative purposes only and presents information about the fair value of the Company’s convertible notes relative to the carrying values recognized in the condensed consolidated balance sheet as of March 31, 2024 and December 31, 2023 (in thousands).
|  |  |  |  | March 31, 2024 |  |  | December 31, 2023 |
|  | Level |  |  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Convertible notes |  |  | 3 |  |  | $ | 18,198 |  |  | $ | 28,340 |  |  | $ | 16,616 |  |  | $ | 17,594 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: 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 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -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 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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