FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2023

FAIR VALUE MEASUREMENTS

Schedule of financial instruments measured at fair value on a recurring basis

	December 31, 2023
	Fair Value		Level 1		Level 2		Level 3
			(in thousands)
Financial liabilities:
Current maturity of long term loan	$	3,954	$	—	$	—	$	3,954
Long term loan		24,591		—		—		24,591
Warrant liability		240		—		—		240
Total financial liabilities	$	28,785	$	—	$	—	$	28,785

	December 31, 2022
	Fair Value		Level 1		Level 2		Level 3
			(in thousands)
Financial liabilities:
Current maturity of long term loan		8,823		—		—		8,823
Long term loan		18,105		—		—		18,105
Warrant liability	$	910		—		—		910
Total financial liabilities	$	27,838	$	—	$	—	$	27,838

Summary of change in fair value of liabilities

	December 31, 2023
		Long-Term Loan		Warrant Liability
Balance as of January 1, 2023	$	26,928	$	910
Issuance		28,587		—
Principal repayments on long-term loan		(27,833)		—
Change in fair value		863		(670)
Balance as of December 31, 2023	$	28,545	$	240

Warrant Liability

FAIR VALUE MEASUREMENTS

Schedule of significant unobservable inputs

		December 31,		December 31,
		2023		2022
Stock price	$	1.72	$	7.45
Exercise price		5.79		6.62
Expected term (in years)		5.44		7.00
Volatility		96.8%		148.8%
Dividend rate		—		—
Risk-free interest rate		3.88%		3.13%

NOTE 8:-      FAIR VALUE MEASUREMENTS (Cont.)