FAIR VALUE MEASUREMENTS - Level 3 fair value measurements for the embedded derivatives (Details) - Level 3 |
Mar. 31, 2025 |
Jan. 15, 2025 |
Dec. 06, 2024 |
|---|---|---|---|
| Conversion price | |||
| FAIR VALUE MEASUREMENTS | |||
| Embedded Derivative Liability, Measurement Input | 10 | 10 | 10 |
| Share price | |||
| FAIR VALUE MEASUREMENTS | |||
| Equity Facility Derivative Asset, Measurement Input | 1.14 | 9.88 | |
| Embedded Derivative Liability, Measurement Input | 1.14 | 3 | 9.88 |
| Volatility | |||
| FAIR VALUE MEASUREMENTS | |||
| Equity Facility Derivative Asset, Measurement Input | 0.36 | 0.29 | |
| Embedded Derivative Liability, Measurement Input | 0.32 | 0.32 | 0.28 |
| Probability of default | |||
| FAIR VALUE MEASUREMENTS | |||
| Embedded Derivative Liability, Measurement Input | 0.3872 | 0.41 | 0.41 |
| Risk-free rate | |||
| FAIR VALUE MEASUREMENTS | |||
| Equity Facility Derivative Asset, Measurement Input | 0.0423 | 0.0423 | |
| Embedded Derivative Liability, Measurement Input | 0.0395 | 0.0412 | 0.0408 |