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FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE AND CONCENTRATIONS OF CREDIT RISK (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements and Financial Statement Presentation The Company’s financial instruments measured at fair value and their respective levels in the fair value hierarchy as of September 30, 2024, and December 31, 2023, were as follows:
 September 30, 2024December 31, 2023
 Fair Value of AssetsFair Value of Assets
In ThousandsLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Money market funds (1)
$1,051 $— $— $1,051 $7,015 $— $— $7,015 
Total$1,051 $— $— $1,051 $7,015 $— $— $7,015 

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(1) Included in cash and cash equivalents on the accompanying condensed consolidated balance sheets.


September 30, 2024December 31, 2023
Fair Value of LiabilitiesFair Value of Liabilities
In ThousandsLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Common Warrants$— $— $2,661 $2,661 $— $— $1,418 $1,418 
Total$— $— $2,661 $2,661 $— $— $1,418 $1,418 
Schedule of Common Warrants Activity

The following table summarizes the Common Warrants activity for the nine months ended September 30, 2024:

In ThousandsLevel 3 Fair Value of Liabilities
Balance as of December 31, 2023$1,418 
Issued10,151 
Change in fair value(8,908)
Balance as of September 30, 2024$2,661 


The following table summarizes the Common Warrants activity for the nine months ended September 30, 2023:

In ThousandsLevel 3 Fair Value of Liabilities
Balance as of December 31, 2022$291 
Change in fair value1,221 
Balance as of September 30, 2023$1,512 
Schedule of Fair Value of the Common Warrants
The estimated fair values of the Common Warrants, and the assumptions used for the Black-Scholes option pricing model were as follows:
 As of September 30, 2024As of December 31, 2023
Estimated fair value of common warrants per share
$0.49 - $1.99
$8.95 
Assumptions: 
Risk-free interest rate
3.5% - 3.6%
3.9 %
Expected volatility
105.1% - 110.4%
100.7 %
Expected term to liquidation (in years)
2.9 - 4.7
3.6