RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

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

The following table summarizes the significant inputs used to estimate the fair value of the 5.00% Notes as of December 31, 2024, December 31, 2023 and the June 9, 2023 issuance date:

	December 31,				June 9,
	2024		2023		2023
Coupon rate	5.00%		5.00%		5.00%
Term (years)	2.0		3.0		3.5
Volatility	42.00%		55.00%		55.00%
Risk-free rate	4.30	%	4.02	%	4.15	%
Discount yield	24.80	%	25.00	%	25.00	%
Discount factor	65.00%		50.00%		44.00%

The following table 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 9,
	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 following table 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%

The following table summarizes the significant inputs used to estimate the fair value of the Common Warrant liability as of December 31, 2024 and January 23, 2024:

	December 31, 2024			January 23, 2024
Exercise price	$	1.65		$	1.65
Term (years)	4.1			5.0
Volatility	59.00		%	55.00		%
Risk-free rate	4.37		%	4.06		%
Dividend yield	0.00		%	0.00		%