FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUE [Abstract]

Schedule of Changes in Fair Value of Liability

During the three and nine months ended September 30, 2022 and 2021, the change in the fair value of the warrant liabilities measured using significant unobservable inputs (Level 3) were comprised of the following:

Dollars in Thousands
	Three Months Ended September 30, 2022
	Bridge Note		Total Warrant
	Warrant Liabilities		Liabilities
Beginning balance at July 1	$	87	$	87
Total gains:
Revaluation recognized in earnings		(59)		(59)
Balance at September 30	$	28	$	28
	Three Months Ended September 30, 2021
	Bridge Note		Total Warrant
	Warrant Liabilities		Liabilities
Beginning balance at July 1	$	2,207	$	2,207
Total losses:
Revaluation recognized in earnings		(578)		(578)
Deductions – warrant liability settlement		–		–
Balance at September 30	$	1,629	$	1,629

Dollars in Thousands
			Nine Months Ended September 30, 2022
			Bridge Note		Total Warrant
			Warrant Liabilities		Liabilities
Beginning balance at January 1			$	606	$	606
Total losses:
Revaluation recognized in earnings				(578)		(578)
Deductions – warrant exercises and write-offs				–		–
Balance at September 30			$	28	$	28
	Nine Months Ended September 30, 2021
	2016 Warrant		Bridge Note		Total Warrant
	Liability		Warrant Liabilities		Liabilities
Beginning balance at January 1	$	130	$	1,195	$	1,325
Total losses:
Revaluation recognized in earnings		–		434		434
Deductions – warrant liability settlement		(130)		–		(130)
Balance at September 30	$	–	$	1,629	$	1,629