RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Schedule of Carrying Value of the Secured Notes

The carrying value of the Secured Note at December 31, 2022 consisted of the following (in thousands):

	December 31,
	2022
Outstanding principal	$	34,934
Unamortized debt issuance discount	(18,076)
Net carrying amount	$	16,858

Schedule of Significant Assumptions and Inputs Used to Estimate the Fair Value of the Schuler Purchase Obligation

The table below summarizes the significant inputs used to estimate the fair value of the 5.00% Notes as of December 31, 2023 and the June 9, 2023 issuance date:

	December 31,		June 09,
	2023		2023
Coupon rate	5.00%		5.00%
Term (years)	3.0		3.5
Volatility	55.00%		55.00%
Risk-free rate	4.02	%	4.15	%
Discount yield	25.00	%	25.00	%
Discount factor	50.00%		44.00%

The table below summarizes the significant inputs used to estimate the fair value of the Conversion Option as of October 17, 2023 and June 9, 2023:

	October 17			June 09,
	2023			2023
Stock price	$	5.94		$	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	5.00		%	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 December 31, 2023 and June 9, 2023:

	December 31,			June 9,
	2023			2023
Stock price	$	3.92		$	7.40
Exercise price	$	7.20		$	7.20
Term (years)	0.13			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
Obligation probability	75%			100%