CONVERTIBLE NOTE (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of the Convertible Notes

The net carrying amount of the liability of the Notes as of March 31, 2022 and December 31, 2021 are as follows:

	March 31, 2022		December 31, 2021
	Unaudited		Audited
Liability component, net:
Principal amount	$	575,000	$	575,000
Unamortized issuance costs	(11,974)		(12,784)
Net carrying amount of liability component (1)	$	563,026	$	562,216

(1) An effective interest rate determines the fair value of the Notes, therefore they are categorized as Level 3 in accordance with ASC 820, "Fair Value Measurements and Disclosures." The estimated fair value of the net carrying amount of liability component of the Notes as of March 31, 2022 and December 31, 2021 were $454,285 and $467,469, respectively.

Finance expense related to the Notes was as follows:

	Three months ended March 31,				Year ended December 31, 2021
	2022		2021
	Unaudited				Audited
Amortization of debt issuance costs	810		709		3,339
Total finance expense recognized	$	810	$	709	$	3,339