Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
The significant unobservable inputs used in the valuation models as of January 25, 2024, the reclassification date, and as of December 31, 2023, to measure the fair value of the Series D Warrants and the Series C Warrants are as follows:

The significant unobservable inputs used in the valuation models as of January 25, 2024, the reclassification date, and as of December 31, 2023, to measure the fair value of the Series D Warrants and the Series C Warrants are as follows:

 

                                 
    Series C Warrants     Series D Warrants  
Valuation Date:   January 25,
2024		     December 31,
2023		     January 25,
2024		     December 31,
2023		  
Common stock price   $ 0.309     $ 0.403     $ 0.309     $ 0.403  
Risk-free rate     4.52 %     4.23 %     4.01 %     3.84 %
Expected term (in years)     1.71       1.78       5.00       5.15  
Expected volatility     106.00 %     108.0 %     106.00 %     108.0 %
Dividend yield     0.0 %     0.0 %     0.0 %     0.0 %
Discount for lack of marketability     N/A       5.0 %     N/A       5.0 %