ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 March 31, 2024 and December 31, 2023 (in thousands):

Description	Markets for Identical Assets (Level 1)	Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)		Carrying Value as of March 31, 2024
Derivative liabilities - warrant instruments	—	—	$	13	$	13

Description	Markets for Identical Assets (Level 1)	Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)		Carrying Value as of December 31, 2023
Derivative liabilities - warrant instruments	—	—	$	205	$	205

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, December 31, 2023	$	205
Change in fair value of derivative liabilities	(192)
Balance, March 31, 2024	$	13
	(in thousands)
Balance, December 31, 2022	$	472
Change in fair value of derivative liabilities	224
Balance, March 31, 2023	$	696

SCHEDULE OF DISAGGREGATED REVENUE

	Three Months Ended March 31,
	(in thousands)
	2024		2023
Product revenue	$	34,435	$	38,681
Service revenue	2,658		2,508
Total revenues, net	$	37,093	$	41,189