Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL INSTRUMENT MEASURED ON RECURRING BASIS
    As of March 31, 2025     Fair Value Measurements  
          Fair     As of March 31, 2025  
    Amount     Value     Level 1     Level 2     Level 3  
                               
Liabilities:                                        
Note payable:                                        
Term Loan     2,900       2,765       -       -       2,765  
    $ 2,900     $ 2,765     $ -     $ -     $ 2,765  

 

    As of December 31, 2024     Fair Value Measurements  
    Carrying     Fair     As of December 31, 2024  
    Amount     Value     Level 1     Level 2     Level 3  
Liabilities:                              
Note payable:                                        
Term Loan   $ 4,400     $ 4,290     $ -     $ -     $ 4,290  
    $ 4,400     $ 4,290     $ -     $ -     $ 4,290  
SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS, UNOBSERVABLE INPUT RECONCILIATION

A roll forward of the carrying value of the Term Loan to March 31, 2025 is as follows:

 

 SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS, UNOBSERVABLE INPUT RECONCILIATION

                      Adjustment to
Fair Value/
       
    December 31,
2024
    Payments     Accretion/Interest
Accrued
    Mark to
Market
    March 31,
2025
 
                               
Term Loan   $              4,290     $ (1,500 )   $          -     $ (25 )   $ 2,765  
                                         
    $ 4,290     $ (1,500 )   $ -     $ (25 )   $ 2,765