Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL INSTRUMENT MEASURED ON RECURRING BASIS
    As of June 30, 2025     Fair Value Measurements  
    Carrying     Fair     As of June 30, 2025  
    Amount     Value     Level 1     Level 2     Level 3  
                               
Liabilities:                                        
Note payable:                                        
Term loan     1,900       1,772       -       -       1,772  
    $ 1,900     $ 1,772     $ -     $ -     $ 1,772  

 

    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 June 30, 2025 is as follows : 

 

    December 31, 2024     Payments     Accretion/Interest
Accrued
    Adjustment to Fair Value/Mark to Market     June 30, 2025  
                               
Term Loan   $ 4,290     $ (2,500 )   $             -     $ (18 )   $ 1,772  
                                         
    $ 4,290     $ (2,500 )   $ -     $ (18 )   $ 1,772