Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Details)

v3.22.4
FAIR VALUE MEASUREMENTS (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents $ 7,253 $ 62,937
Restricted Cash 34 185
Cash and investment in severance benefit accounts 3,161 3,687
Subordinated term loan [1] 41,528 37,991
Subordinated Debt [1] 11,119 10,577
Senior term loan [1] 40,529 41,063
Convertible debt 43,928 41,343
Long-term debt
Public Warrants 345 8,510
Warrants [2] 36 1,317
Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents 7,253 62,937
Restricted Cash 34 185
Cash and investment in severance benefit accounts 3,161 3,687
Public Warrants 345 8,510
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Subordinated term loan [1] 25,503 28,376
Subordinated Debt [1] 7,386 7,674
Senior term loan [1] 36,680 43,276
Convertible debt 48,249 44,494
Long-term debt
Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Warrants [2] $ 36 $ 1,317
[1] As of December 31, 2022 and 2021, the fair value of the subordinated term loan, subordinated debt and senior term loan considered the senior status of the senior term loan under the Fortress Credit Agreement, followed by the junior status of the subordinated term loan and subordinated debt. The implied yields of the senior term loan, subordinated term loan and subordinated debt were 23.00%, 27.18% and 28.78%, respectively, as of December 31, 2022. The implied yields of the senior term loan, subordinated term loan and subordinated debt were 13.8%, 17.16% and 16.83%, respectively, as of December 31, 2021.
[2] As of December 31, 2022 and 2021, the fair value of warrants outstanding that are classified as liabilities are included in other long-term liabilities in the Company’s consolidated balance sheets. The key inputs to the valuation models that were utilized to estimate the fair value of the Post-Combination Warrants and Private Placement Warrants were as follows as of December 31, 2022: