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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2024
FAIR VALUE MEASUREMENT [Abstract]  
Fair Value Measurement
The derivative liability component of Convertible promissory notes are classified as Level 3 due to significant unobservable inputs. The Company had no assets or liabilities requiring classification as of June 30, 2024.

   
As of December 31, 2023
  
 
 
(in thousands)
  
Quoted prices in
active markets for
identical assets
(Level 1)
    
Significant
other observable
inputs
(Level 2)
    
Significant unobservable inputs
(Level 3)
  
                         
Current Liabilites
                        
Derivative liability
     -       -      
17,282.5
  
                         
Liabilities
    
     
         
Derivative liability
     -
      -
     
1,120.3
  

The estimated fair value of the conversion feature of the Derivative liability is based on traditional valuation methods including Black-Scholes option pricing models and Monte Carlo simulations.