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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE

The following tables summarize the liabilities that are measured at fair value as of September 30, 2024 and December 31, 2023 (in thousands):

SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE

Description		Level				September 30, 2024				December 31, 2023
Liabilities:
Warrant liabilities - Q1-22 warrants			3			$	15			$	116
Warrant liabilities – Exchange Transactions			3			$	10,448			$	-
Bridge Notes derivative liability			3			$	4,926			$	-
Market Cap Contingent Consideration							-				-
Liability fair value disclosure							-				-

SCHEDULE OF CHANGES IN WARRANT LIABILITIES

The following table presents the changes in the liabilities measured at fair value from January 1, 2024 through September 30, 2024 (in thousands):

SCHEDULE OF CHANGES IN WARRANT LIABILITIES

		Warrant Liabilities				Derivative Liability				Contingent Consideration
Fair value at January 1, 2024		$	116			$	-			$	107
Reclassification of warrants from equity to liability			11,244				-				-
Initial measurement of Bridge Notes derivative liability			-				5,566				-
Change in fair value			(897	)			(640	)			(66	)
Fair value at September 30, 2024		$	10,463			$	4,926			$	41

SCHEDULE OF 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 September 30, 2024 and December 31, 2023 (in thousands).

SCHEDULE OF FAIR VALUE AND CARRYING VALUES OF CONVERTIBLE NOTES

						September 30, 2024								December 31, 2023
		Level				Carrying Value				Fair Value				Carrying Value				Fair Value
Convertible Notes			3			$	32,037			$	29,768			$	16,616			$	17,594
Bridge Notes			3			$	3,887			$	8,409			$	-			$	-

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ 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

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
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-Publisher FASB
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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

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Tabular disclosure of derivative liabilities at fair value.

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