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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

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

X

- 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.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of derivative liabilities at fair value.

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