CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Tables)

9 Months Ended

Sep. 30, 2024

CONVERTIBLE PROMISSORY NOTES AND WARRANTS [Abstract]

Convertible Promissory Notes

The Convertible Promissory Notes (debt host) are not subject to Subtopic 480-10.

(in thousands)	September 30, 2024			December 31, 2023
Convertible Promissory Notes
Notes 1 to 7	$	5,340.0		$	5,340.0
Notes 8 to 12		17,500.0			17,500.0
Notes 13 to 20		17,860.0			17,860.0
Notes 21 to 23		7,455.0			-
Digital World Convertible Notes		50,103.0			-
Total		98,258.0			40,700.0
Debt Issuance costs		(240.0	)		(240.0	)
Carrying value of Convertible Promissory Notes		98,018.0			40,460.0
Less: Derivative liability component		(37,234.8	)		(37,234.8	)
Liability component at date of issue		60,783.2			3,225.2
Interest charged		44,781.6			42,121.8
Loss on extinguishment of debt		542.3			-
Total liability component		106,107.1			45,347.0
Less: Conversion to Paid in Capital		(106,107.1	)		-
Less: Short-term liability component		-			(41,818.8	)
Liability component at September 30, 2024 and December 31, 2023	$	-		$	3,528.2
Embedded feature component
Derivative liability component	$	37,234.8		$	37,234.8
Change in fair value of embedded derivative		207,084.1			(18,832.0	)
Total Derivative Liability Component		244,318.9			18,402.8
Less: Conversion to Paid in Capital		(244,318.9	)		-
Less: Short-term derivative liability component		-			(17,282.5	)
Derivative Liability Component at September 30, 2024 and December 31, 2023	$	-		$	1,120.3