DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liabilities at Fair Value

The following table summarizes the change in the Company’s derivative liabilities:

	Total Derivative Liabilities (1)
Balance as of January 1, 2023	$	14,134
Fair value changes	(9,589)
Reclassification to equity	(2,050)
Down-round changes	143
Balance as of December 31, 2023	2,638
Derivative Warrants issued (2)	6,765
Fair value changes	(6,119)
Expiration of derivative warrants	(156)
Balance as of December 31, 2024	$	3,128

(1)Refer to Note 14 - Equity for the change in number of warrants outstanding.

(2)Represents the fair value of 19,400,000 derivative warrants issued in connection with the Term Loans in July 2024. Refer to Note 10 - Debt for more information.

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The assumptions used in the fair value calculations as of the balance sheet dates presented include the following:

		As of December 31,
	July 2024 (new issuances)	2024	2023
Stock price per share	$0.57	$0.31	$0.46
Risk-free annual interest rate	3.97%	4.24% - 4.35%	4.01% - 4.79%
Exercise price	$1.00	$1.00 - $2.086	$1.00 - $2.086
Weighted average volatility	88%	93%	101%
Remaining life	5 years	2 - 4.6 years	1 - 2.9 years
Forfeiture rate	0%	0%	0%
Expected annual dividend yield	0%	0%	0%

For example, the following table illustrates an increase or decrease in certain significant assumptions as of the balance sheet dates:

	As of December 31, 2024							As of December 31, 2023
	Input			Effect of 10% Increase		Effect of 10% Decrease		Input			Effect of 10% Increase		Effect of 10% Decrease
Stock price per share	$	0.31		$	440	$	(427)	$	0.46		$	637	$	(574)
Volatility	93		%	$	438	$	(465)	101		%	$	680	$	(643)