STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Purchase Obligation Activity

The Schuler Purchase Obligation activity for the three and nine months ended September 30, 2023 and 2022 is comprised of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Beginning balance	$	933	$	—	$	—	$	—
Initial measurement	—		—		1,336		—
Change in value - gain	1,248		—		845		—
Ending balance	$	2,181	$	—	$	2,181	$	—

Schedule of Significant Inputs Used to Estimate Fair Value

The table below summarizes the significant inputs used to estimate the fair value of the 5.00% Notes as of September 30, 2023:

	September 30,		June 9,
	2023		2023
Coupon rate	5.00%		5.00%
Term (years)	3.2		3.5
Volatility	55.00	%	55.00	%
Risk-free rate	4.78	%	4.15	%
Discount yield	25.00	%	25.00	%
Discount factor	47.00	%	44.00	%

The table below summarizes the significant inputs used to estimate the fair value of the Conversion Option as of September 30, 2023 and June 9, 2023:

	September 30,			June 9,
	2023			2023
Stock price	$	5.75		$	7.40
Initial conversion price	$	7.20		$	7.20
Conversion cap	$	8.30		$	8.30
Term (years)	3.2			3.5
Time to call (years)	1.7			2.0
Volatility	55.00		%	55.00		%
Risk-free rate	4.78		%	4.15		%
Discount yield	25.00		%	25.00		%

The table below summarizes the significant inputs used to estimate the fair value of the Schuler Purchase Obligation as of September 30, 2023 and June 9, 2023:

	September 30,			June 9,
	2023			2023
Stock price	$	5.75		$	7.40
Exercise price	$	7.20		$	7.20
Term (years)	0.21			0.52
Volatility	55.00		%	55.00		%
Risk-free rate	5.55		%	5.38		%
Fixed commitment purchase price (in thousands)	$	10,000		$	10,000
Number of Shares	1,387,949			1,387,949