FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarize the assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022.

	June 30, 2023
	Level 1		Level 2		Level 3		Total
Financial Assets
Short-term investments
Certificates of Deposit	$	—	$	25,113	$	—	$	25,113
Exchange Trade Mutual Funds	$	12,162	$	—	$	—	$	12,162
Treasury Bonds	$	46,189	$	—	$	—	$	46,189
Other	$	8	$	—	$	—	$	8
Financial Liabilities
Contingent Consideration	$	—	$	—	$	6	$	6
	December 31, 2022
	Level 1		Level 2		Level 3		Total
Financial Assets
Short-term investments
Certificates of Deposit	$	—	$	25,148	$	—	$	25,148
Exchange Trade Mutual Funds	$	18,939	$	—	$	—	$	18,939
Treasury Bonds	$	65,040	$	—	$	—	$	65,040
Other	$	172	$	—	$	—	$	172
Financial Liabilities
Contingent Consideration	$	—	$	—	$	2,980	$	2,980

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the change in fair value of Level 3 instruments in 2023:

	Total
Balance at January 1, 2023	$	2,980
Change in fair value of contingent consideration	(2,974)
Balance at June 30, 2023	$	6

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The recurring Level 3 fair value measurements of contingent consideration liabilities associated with commercial sales milestones include the following significant unobservable inputs as of June 30, 2023 and December 31, 2022:

	June 30, 2023		December 31, 2022
Valuation techniques	Discounted cash flow, Monte Carlo
Present value discount rate(1)	15.5	%	16.6	%
Volatility factor	38.1	%	48.0	%
Expected years	0.9 years		1.4 years

(1) The present value discount rate includes estimated risk premium.