Post-effective amendment to a registration statement that is not immediately effective upon filing

FAIR VALUE MEASUREMENTS (Details)

v3.23.1
FAIR VALUE MEASUREMENTS (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and cash equivalents $ 3,282 $ 7,253   $ 62,937
Restricted Cash 34 34 $ 185 185
Cash and investment in severance benefit accounts 3,102 3,161   3,687
Subordinated term loan 42,449 [1] 41,528 [1],[2]   37,991 [2]
Subordinated Debt [2]   11,119   10,577
Senior Term Loans 40,993 [1] 40,529 [1],[2]   41,063 [2]
Convertible Debt 45,492 43,928   41,343
Long-term debt    
Public Warrants 575 [3] 345 [3]   8,510
Warrant 29 [3] 36 [3],[4]   1,317 [4]
Cash and cash equivalents 3,282 7,253   62,937
Subordinated Debt 11,256 [1] 11,119 [1]   10,577
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 34   185
Cash and investment in severance benefit accounts 3,102 3,161   3,687
Public Warrants 575 [3] 345 [3]   8,510
Cash and cash equivalents 3,282 7,253    
Fair Value, Inputs, Level 2 [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Subordinated term loan 23,474 [1] 25,503 [1],[2]   28,376 [2]
Subordinated Debt [2]   7,386   7,674
Senior Term Loans 35,188 [1] 36,680 [1],[2]   43,276 [2]
Convertible Debt 45,880 48,249   44,494
Long-term debt    
Subordinated Debt [1] 7,001 7,386    
Fair Value, Inputs, Level 3 [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Warrant $ 29 [3] $ 36 [3],[4]   $ 1,317 [4]
[1] As of March 31, 2023 and December 31, 2022, 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 subordinated term loan – related party, subordinated debt and senior term loan were 33.98%, 37.59% and 28.00%, respectively, as of March 31, 2023 and 23.00%, 27.18% and 28.78%, respectively, as of December 31, 2022.
[2] 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.
[3] As of March 31, 2023 and December 31, 2022, the fair value of warrants outstanding that are classified as liabilities are included in other long-term liabilities in the Company’s condensed 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 as of March 31, 2023 were as follows:
[4] 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: