NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock:

	2024			2023
Numerator:
Net Loss	$	(40,720	)	$	(44,238	)
Numerator for Basic and Dilutive net loss per share – loss available to common stockholders	$	(40,720	)	$	(44,238	)
Denominator:
Common Stock		72,413,541			71,316,424
Denominator for Basic and Dilutive net loss per share weighted – average common stock		72,413,541			71,316,424
Basic and dilutive net loss per share	$	(0.56	)	$	(0.62	)

Schedule of Anti-dilutive Common Equivalent Shares

Anti-dilutive common equivalent shares were as follows:

	2024		2023
Outstanding options to purchase common stock		18,396,536		14,271,587
Outstanding RSUs		138,902		369,026
Earn-Out Shares (1)		—		9,357,835
Total anti-dilutive common equivalent shares		18,535,438		23,998,448

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(1) The Company will issue to holders of Hyperfine and Liminal securities as of immediately prior to the effective time of the Mergers, in accordance with their pro rata share, up to 10,000,000 shares of Class A common stock as earn-out consideration (the “Earn-Out Shares”) net of forfeitures, if at any time during the period between the Closing Date of December 22, 2021 and the third anniversary of the Closing Date (the “Earn-Out Period”), (i) the last reported sale price of the Class A common stock is greater than or equal to $15.00 for any 20 trading days within any 30 consecutive trading day period, or (ii) there is a transaction that will result in shares of Class A common stock being converted or exchanged into the right to receive cash or other consideration having a value greater than or equal to $15.00. During the Earn-Out Period, if there is a transaction (other than for stock splits, stock dividends, special cash dividends, reorganizations, recapitalizations or similar transactions affecting the Class A common stock) that will result in the shares of Class A common stock being converted or exchanged into the right to receive cash or other consideration having a value less than $15.00, then the right to receive Earn-Out Shares will terminate. As of December 22, 2024, the earn-out shares pursuant to the Earn-Out Shares expired as a result of the vesting conditions not being achieved.