v3.23.1
WARRANTS AND DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2022
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Significant Inputs And Valuation Technique Used To Measure Fair Value of The Warrants The significant inputs utilized in the Black-Scholes model as of December 31, 2021 were as follows.
 
    
December 31,
2021
 
Common Stock Fair Value Per Share
   $ 16.81  
Exercise Price Per Share
   $ 0.01  
Volatility
     75.7 % 
Risk-free rate
     0.53 % 
Expected Dividend Rate
     0.0 % 
Schedule of changes in the warrant liability
The following table summarizes the changes in the warrant liability included in other long-term liabilities that were issued in connection with the Note Agreement (in thousands):
 
    
Warrant
Liability
 
Balance as of December 31, 2021
   $ 561  
Legacy Liability Warrants issued
     428  
Change in fair value
     717  
Settlement of warrant liability in common stock
     (1,706 ) 
    
 
 
 
Balance as of December 31, 2022
   $ —