COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2023

COMMITMENTS AND CONTINGENCIES (Note 7)

Operating lease right-of-use assets and lease liabilities

	(in thousands)
	March 31, 2023		December 31, 2022
Operating lease right-of-use assets	$	285	$	303
Operating lease liabilities	$	307	$	325

Future minimum rental payment operating leases

	(in thousands)
	Operating
	Leases
2023 (remaining)	$	84
2024		115
2025		118
2026		50
Total future lease payments		367
Less: discount		(60	)
Total lease liabilities	$	307

Weighted-average remaining lease term and discount rate

	(in thousands)
	March 31, 2023			December 31, 2022
Weighted average remaining lease term (years)		3.2			3.4
Weighted average discount rate		11.4	%		11.4	%

Fair value of the warrants using the Black-Scholes option pricing model

Expected term	3.0 Years
Volatility		108.7	%
Risk-free interest rate		4.3	%
Dividend yield		0.0	%

Expected term	1.3 Years
Volatility		164.6	%
Risk-free interest rate		4.1	%
Dividend yield		0.0	%