CONVERTIBLE NOTE (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of the Convertible Notes

The net carrying amount of the liability of the Notes as of March 31, 2023 and December 31, 2022 are as follows:

	March 31, 2023		December 31, 2022
	Unaudited		Audited
Liability component, net:
Principal amount	$	575,000	$	575,000
Unamortized issuance costs	(8,676)		(9,491)
Net carrying amount of liability component (1)	$	566,324	$	565,509

(1) An effective interest rate determines the fair value of the Notes, therefore they are categorized as Level 3 in accordance with ASC 820, "Fair Value Measurements and Disclosures." The estimated fair value of the net carrying amount of liability component of the Notes as of March 31, 2023 and December 31, 2022 were $468,271 and $455,091, respectively.

Finance expense related to the Notes was as follows:

	Three months ended March 31,				Year ended December 31, 2022
	2023		2022
	Unaudited				Audited
Amortization of debt issuance costs	815		810		3,293
Total finance expense recognized	$	815	$	810	$	3,293