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FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
As of December 31, 2022 and September 30, 2023, information about inputs for the fair value measurements of the Group’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
Fair Value Measurement as of December 31, 2022
(In thousands)Quoted Prices in Active Market
for Identical Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Cash and cash equivalents$231,420 — — $231,420 
Restricted cash71,197 — — 71,197 
Total financial asset$302,617   $302,617 
Warrant liability$— — 126 $126 
Total financial liability$  126 $126 
Measured or disclosed at fair value on a recurring basis-continued
Fair Value Measurement as of September 30, 2023
(In thousands)Quoted Prices in Active Market
for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Cash and cash equivalents$67,398 — — $67,398 
Restricted cash$21,814 — — $21,814 
Total financial asset$89,212   $89,212 
Warrant liability$— — 151 $151 
Total financial liability$  151 $151 
Schedule of Reconciliation of the Beginning and Ending Balances for Level 3 Warrant Liability
The following is a reconciliation of the beginning and ending balances for Level 3 warrant liability during the nine months ended September 30, 2022 and 2023:
(In thousands)Nine Months Ended September 30,
20222023
Balance at the beginning of the period1,105 $126 
Changes in fair value(921)25 
Balance at end of the period$184 $151