XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
FAIR VALUE MEASUREMENTS    
Schedule of the Company's liabilities that are measured at fair value on a recurring basis

    

December 31, 2021

    

Level 1

    

Level 2

    

Level 3

Audited

Warrants to convertible preferred shares

$

$

$

18,623

    

June 30, 2022

    

Level 1

    

Level 2

    

Level 3

(Unaudited)

Warrants Liability – Public Warrants

$

6,543

$

$

Warrant Liability – Private Warrants

 

 

 

6,405

Total

$

6,543

$

$

6,405

 
Schedule of Level 3 fair value measurements

    

December 31, 2021

    

June 30, 2022

 

(Audited)

(Unaudited)

 

Expected term (years)

 

1.25

 

4.68

Expected volatility

 

83.00

%  

43.81

%

Risk-free rate

 

0.75

%  

3.01

%

Dividend yield

 

0.00

%  

0.00

%

    

December 31, 

 

    

2019

    

2020

    

2021

 

Expected term

 

3

 

2.25

 

1.25

Expected dividend yield

 

0

%  

0

%  

0

%

Expected volatility

 

78.11

%  

96.83

%  

83.00

%

Risk-free interest rate

 

1.91

%  

0.42

%  

0.75

%

Schedule of changes in the Level 3 fair value of warrant liabilities

    

Private Warrants

Fair value as of March 7, 2022 (merger date)

$

11,652

Change in fair value

 

(5,247)

Fair value as of June 30, 2022

$

6,405

    

Warrants to 
Convertible 
Preferred Shares

Fair value as of January 1, 2022

$

18,623

Change in fair value

 

16,547

Conversion of Warrants to Convertible Preferred shares in connection with SPAC merger

 

(35,170)

Fair value as of June 30, 2022

$