ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

SCHEDULE OF FINANCIAL LIABILITIES MEASURED ON A RECURRING BASIS

The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 (in thousands):

	Markets for		Other		Significant		Carrying
	Identical		Observable		Unobservable		Value as of
	Assets		Inputs		Inputs		September 30,
Description	(Level 1)		(Level 2)		(Level 3)		2022
Derivative liabilities - warrant instruments	$	—	$	—	$	1,527	$	1,527

	Markets for		Other		Significant		Carrying
	Identical		Observable		Unobservable		Value as of
	Assets		Inputs		Inputs		December 31,
Description	(Level 1)		(Level 2)		(Level 3)		2021
Derivative liabilities - warrant instruments	$	—	$	—	$	3,064	$	3,064

SUMMARY OF WARRANT INSTRUMENTS ROLLFORWARD

The following tables reconcile the beginning and ending balances of the warrant instruments within Level 3 of the fair value hierarchy:

	(in thousands)
Balance, June 30, 2022	$	1,414
Change in fair value of derivative liabilities		113
Balance, September 30, 2022	$	1,527
	(in thousands)
Balance, December 31, 2021	$	3,064
Change in fair value of derivative liabilities		1,537
Balance, September 30, 2022	$	1,527
	(in thousands)
Balance, June 30, 2021	$	536
Exercise of warrants		(171)
Change in fair value of derivative liabilities		(9)
Balance, September 30, 2021	$	356
	(in thousands)
Balance, December 31, 2020	$	363
Exercise of warrants		(171)
Change in fair value of derivative liabilities		164
Balance, September 30, 2021	$	356

SCHEDULE OF DISAGGREGATES REVENUE

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(in thousands)		(in thousands)		(in thousands)		(in thousands)
Product revenues:
Hardware	$	64,601	$	57,400	$	167,967	$	131,865
Software		906		1,395		3,959		3,445
Service revenues:
Professional services		1,359		534		2,192		1,103
Maintenance and subscription services		1,870		1,679		4,849		4,773
	$	68,736	$	61,008	$	178,967	$	141,186