FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2025

FINANCIAL INSTRUMENTS [Abstract]

Short Term Investments

The following table shows the Company’s short-term investments by significant investment category as of September 30, 2025, and December 31, 2024.

	As of September 30, 2025
		Adjusted		Unrealized		Unrealized		Market
		Cost		Gains		Losses		Value
Level 1:
Money Market Funds	$	637	$	-	$	-	$	637
Total Financial Assets	$	637	$	-	$	-	$	637

	As of December 31, 2024
		Adjusted		Unrealized		Unrealized		Market
		Cost		Gains		Losses		Value
Level 1:
Money Market Funds	$	631	$	-	$	-	$	631
Total Financial Assets	$	631	$	-	$	-	$	631

Fair Value of Warrant Liabilities

The following table presents the fair value in the beginning of the period, the changes in the fair value, and the fair value at the end of the period of the warrant liabilities:

Level 3:		September 30, 2025			December 31, 2024
Fair value at inceptions for December 31, 2024 or the beginning of the period for September 30, 2025	$	(10,131	)	$	(19,703	)
Warrants issued with Private Placement		(5,178	)		-
Change in fair value of warrant liabilities		3,158			9,572
Reclassification of warrant liabilities to equity		12,151			-
Fair value as of period end	$	-		$	(10,131	)

Black Scholes Option Pricing Model of Warrant Liabilities

The Company used a Monte Carlo simulation to estimate the fair value of warrant liabilities as of June 30, 2025, being the date the Company entered into the Series A Warrant Amendment and the 2025 Warrant Amendment.  Under ASC 815-40-35-10, the amended instruments qualify for equity-classification on a prospective basis. The effective date of the relating reclassification from warrant liabilities to additional paid-in capital was June, 30, 2025 (the "Reclassification Date"). The valuation was performed based on the amended terms of the Series A Warrants and PIPE Warrants. The following table summarizes the assumptions used to compute the fair value of the Company’s warrants:

		As of
		June 30, 2025
		Reclassification Date
Expected stock price volatility		86	%
Risk-free interest rate		3.73	%
Dividends yield		0	%
Terms (years)		4.5
Strike Price	$	1.45
Stock Price	$	1.56
Fair Value Per Warrant Share	$	1.235

		As of
		June 30, 2025
		Reclassification Date
Expected stock price volatility		89	%
Risk-free interest rate		3.77	%
Dividends yield		0	%
Terms (years)		5.15
Strike Price	$	1.8
Stock Price	$	1.56
Fair Value Per Warrant Share	$	1.132

		As of
		December 31, 2024
Expected stock price volatility		88	%
Risk-free interest rate		4.25	%
Dividends yield		0	%
Weighted average expected life of warrants (years)		3.5
Weighted average exercise price	$	1.45