FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value For Financial Assets And Liabilities

The following table presents the Company’s fair value hierarchy for financial liabilities as of March 31, 2023 (in thousands):

	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	40,816	$	40,816
Total	$	—	$	—	$	40,816	$	40,816

The following table presents the Company’s fair value hierarchy for financial liabilities as of December 31, 2022 (in thousands):

	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	13,064	$	13,064
Total	$	—	$	—	$	13,064	$	13,064

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

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3) (in thousands):

	Fair Value Measurements Using Significant Unobservable Inputs
Balance at December 31, 2022	$	13,064
Fair value adjustment	27,752
Balance at March 31, 2023	$	40,816