v3.25.0.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Fair Value Disclosures [Abstract]    
SCHEDULE OF ASSUMPTIONS USED TO CALCULATE FAIR VALUE OF WARRANTS

 

  

September 30,

2024

   December 31, 2023 
   Unmodified
Warrants
   Modified
Warrants
     
Dividend yield   —%   —%   —%
Volatility   114.2%   104.0%   105.1%
Risk-free interest rate   3.56%   3.55%   3.93%
Expected lives (years)   2.89    4.33    3.64 
Weighted average fair value  $0.165   $0.393   $2.064 

 

   December 31, 2023   December 31, 2022 
Dividend yield   -%   -%
Volatility   105.1%   96.8%
Risk-free interest rate   3.93%   3.99%
Expected lives (years)   3.64    4.64 
Weighted average fair value  $2.064   $2.850 
SCHEDULE OF CARRYING AND FAIR VALUE OF LOAN PAYABLE

 

      September 30,   December 31, 
      2024   2023 
(in thousands)  Fair Value Hierarchy  Carrying Value   Fair Value   Carrying Value   Fair Value 
DECD loan  Level 3  $1,569   $1,200   $1,604   $1,255 

 

      December 31,   December 31, 
      2023   2022 
(in thousands)  Fair Value Hierarchy  Carrying Value   Fair Value   Carrying Value   Fair Value 
DECD loan  Level 3  $1,604   $1,255   $2,729   $2,110