WARRANTS (Tables)
3 Months Ended
Mar. 31, 2023
Warrants and Rights Note Disclosure [Abstract]  
Common stock warrants outstanding to purchase shares of common stock
As of March 31, 2023, the Company had the following common stock warrants outstanding:
WarrantsExercise PriceIssuance DateExpiration
Private Placement Warrants232,500 11.50 7/18/20227/18/2027
Common Stock Warrants1,275,000 11.50 9/29/20229/29/2027
Total 1,507,500 
Schedule of significant inputs to the Monte Carlo Simulation for the fair value
The following table provides quantitative information regarding assumptions used in the Black-Scholes option-pricing model to determine the fair value of the Private Placement Warrants as of March 31, 2023 and December 31, 2022:
March 31, 2023December 31, 2022
Stock price11.1610.88
Term (in years)4.304.55
Expected volatility61.0 %60 %
Risk-free rate3.7 %4.1 %
Dividend yield— %— %