FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Fair Value of Financial Liabilities

The following tables set forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy as of September 30, 2024 and December 31, 2023:


		At September 30, 2024
		Level 1				Level 2				Level 3				Total
Public Warrants(1)		$	—			$	—			$	—			$	—
Junior Note Warrants			—				—				82,333				82,333
Convertible note derivative liability(2)			—				—				37,900				37,900


		At December 31, 2023
		Level 1				Level 2				Level 3				Total
Public Warrants(1)		$	—			$	—			$	—			$	—
Junior Note Warrants			—				—				2,238,519				2,238,519

(1) The Public Warrants are a Level 1 fair value measurement, as noted further below and in Note 10, Warrants, of these consolidated financial statements.

(2) Represents the August 2024 Convertible Note Derivative Liability, as defined and described in Note 8, Notes and Convertible Notes Payable.

The following table sets forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy:


		At December 31, 2023
		Level 1				Level 2				Level 3				Total
Public Warrants(1)		$	—			$	—			$	—			$	—
Junior Note Warrants			—				—				2,238,519				2,238,519

(1) The Public Warrants are a Level 1 fair value measurement, as noted further below and in Note 10 of these consolidated financial statements.

Level 1 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Changes in Fair Value of Financial Liabilities

The following table sets forth a summary of the changes in fair value of the Company's Level 1 financial liabilities.


		Year Ended December 31,
		2023
Fair value, beginning of period		$	—
Recognition of Public Warrants upon the reverse recapitalization			1,336,863
Change in fair value			(1,336,863	)
Fair value as of December 31, 2023		$	—

Junior Note Warrants [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Changes in Fair Value of Financial Liabilities

The following table sets forth a summary of the changes in fair value of the Company's Junior Note Warrants issued in November 2023:


Fair value, September 30, 2023		$	—
Recognition of Junior Note Warrants upon issuance			2,668,169
Change in fair value			(429,650	)
Fair value, December 31, 2023			2,238,519
Change in fair value			(3,311	)
Fair value, March 30, 2024			2,235,208
Change in fair value			(1,783,201	)
Fair value, June 30, 2024			452,007
Change in fair value			(369,674	)
Fair value, September 30, 2024		$	82,333

The following table sets forth a summary of the changes in fair value of the Company's Junior Note Warrants issued in November 2023:


		Year Ended December 31,
		2023
Fair value, beginning of period		$	—
Recognition of Junior Note Warrants upon issuance			2,668,169
Change in fair value			(429,650	)
Fair value as of December 31, 2023		$	2,238,519

Schedule of Aggregate Fair value of Warrants

The aggregate fair value of the Junior Note Warrants was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:


		Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Common Stock Warrants:
Stock price		$	0.03 - 0.51		$	0.15 - 0.18
Expected term (in years)			4.2 - 4.9			4.9 - 5.0
Expected volatility			58.9% - 76.9%			66.3%
Risk-free interest rate			3.6% - 4.3%			3.8% - 4.1%
Expected dividend yield			0.0%			0.0%

August 2024 Convertible Note Derivative Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Changes in Fair Value of Financial Liabilities

The following table sets forth a summary of the changes in fair value of the Company's August 2024 Convertible Note Derivative Liability:


Fair value, June 30, 2024		$	—
Initial recognition at fair value			179,000
Change in fair value			(141,100	)
Fair value, September 30, 2024		$	37,900

Schedule of Aggregate Fair value of Warrants

The aggregate fair value of the August 2024 Convertible Note Derivative Liability was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the August 2024 Convertible Note Derivative Liability during the nine months ended September 30, 3034 were as follows:


		Nine Months Ended September 30, 2024
August 2024 Convertible Note Derivative Liability:
Stock price		$	$0.51 - $1.82
Expected term (in years)			0.35 - 0.46
Expected volatility			253.0% - 285.4%
Risk-free interest rate			4.6% - 5.0%
Expected dividend yield			0.0%

Legacy Nuburu Convertible Notes [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Changes in Fair Value of Financial Liabilities

The following table sets forth a summary of the changes in fair value of the Company's Legacy Nuburu Convertible Notes, which were cancelled and converted into shares of Legacy Nuburu common stock in connection with the Business Combination:


Fair value, January 1, 2023		$	22,688,097
Cancellation and convsion in connection with the Business Combination			(22,688,097	)
Fair value as of March 31, 2023		$	—

The following table sets forth a summary of the changes in fair value of the Company's Legacy Nuburu Convertible Notes, which were cancelled and converted into shares of Legacy Nuburu common stock in connection with the Business Combination:


		Year Ended December 31,
		2023
Fair value, beginning of period		$	22,688,097
Cancellation and conversion in connection with the Business Combination			(22,688,097	)
Fair value as of December 31, 2023		$	—