FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Financial instruments measured at fair value on a recurring basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis at December 31, 2022 and 2021, by level within the fair value hierarchy:

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	2,300	$	2,300
Debt interest rate conversion feature	—		—		1,320		1,320
Total Financial Assets	$	—	$	—	$	3,620	$	3,620
Financial Liabilities:
Debt conversion option	$	—	$	12,995	$	—	$	12,995

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings Purchase Option	$	—	$	—	$	13,000	$	13,000
Financial Liabilities:
Warrants	$	—	$	—	$	—	$	—

Measurement inputs

The following additional assumptions are used in the model:

	Year Ended December 31,
	2022
Stated interest rate	5.0%
Adjusted interest rate	1.5%
Implied debt yield	8.6%
Federal regulation probability	15.0%
Year of event	2025

The following table provides the assumption regarding Level 2 fair value measurements inputs at their measurement dates:

	Year Ended December 31,
	2022
Expected volatility	86.7%
Expected term (years)	6.9
Risk-free interest rate	4.0%
Expected dividend yield	—%
Value of underlying share	$0.73
Exercise price	$2.00

The following additional assumptions are used in the model:

	Year Ended December 31,
	2022	2021
Expected volatility	115.0%	92.5%
Expected term (years)	2.7	3.7
Risk-free interest rate	4.3%	1.1%
Weighted average cost of capital	40.0%	40.0%

The following table provides quantitative information regarding Level 2 fair value measurements inputs at their measurement dates:

	Year Ended December 31,
		2021
Expected volatility		83.8%
Expected term (years)		0.4-0.5
Risk-free interest rate		0.4%
Expected dividend yield		—%
Value of underlying share		$1.34