FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value for Financial Assets and Liabilities

The following table presents the Company’s fair value hierarchy for financial liabilities as of December 31, 2024 (in thousands):

	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	10,208	$	10,208
Total	$	—	$	—	$	10,208	$	10,208

The following table presents the Company’s fair value hierarchy for financial liabilities as of December 31, 2023:

	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	46,852	$	46,852
Total	$	—	$	—	$	46,852	$	46,852

Schedule of Level 3 Reconciliation

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3). See Note 11 - “Earnout Liability” for more details. (In thousands):

	Fair Value Measurements Using Significant Unobservable Inputs
Balance at December 31, 2023	$	46,852
Fair value adjustment	(36,644)
Balance at December 31, 2024	$	10,208