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FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Jun. 30, 2021
Notes 2021 [Member]  
Schedule of liability component based on income approach

The Company prepared a valuation of the fair value of the Company’s outstanding 2021 Notes (a Level 3 valuation) as of June 30, 2021. The value of these notes was estimated by implementing the binomial model. The liability component was valued based on the Income Approach. The following parameters were used:

    

2021 Notes

Stock price (USD)

 

1.91

Expected term

 

0.38

Risk free rate

 

0.05

%

Volatility

 

77.42

%

Yield

 

11.16

%