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FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
As of September 30, 2024 and December 31, 2023, information about inputs for the fair value measurements of the Group’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
Fair Value Measurement as of September 30, 2024
Quoted Prices in Active Market
for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Cash and cash equivalents$63,585 — — $63,585 
Restricted cash51,382 — — 51,382 
Total financial asset$114,967   $114,967 
Warrant liability$— — $$
Convertible loan with shareholder measured at fair value— — 24,423 24,423 
Total financial liability$  $24,424 $24,424 
Fair Value Measurement as of December 31, 2023
Quoted Prices in Active Market
for Identical Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Cash and cash equivalents$44,541 — — $44,541 
Restricted cash43,648 — — 43,648 
Total financial asset$88,189   $88,189 
Warrant liability$— — $67 $67 
Total financial liability$  $67 $67 
Schedule of Reconciliation of the Beginning and Ending Balances for Level 3 Warrant Liability
The following is a reconciliation of the beginning and ending balances for Level 3 warrant liability during the nine months ended September 30, 2024 and 2023:
Nine Months Ended September 30,
20242023
Balance at the beginning of the period$67 $126 
Changes in fair value(66)25 
Balance at end of the period$$151 
The following is a reconciliation of the beginning and ending balances for Level 3 convertible loan with shareholder during the nine months ended September 30, 2024:
Nine Months Ended September 30, 2024
Balance at the beginning of the period$— 
Issuance of convertible loan with shareholder
25,944 
Interest paid during the period(347)
Changes in fair value(1,174)
Balance at end of the period$24,423