Airspan Networks (MIMOQ) 10-K 4 Oct 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-39679
Entity Registrant Name	Airspan Networks Holdings Inc.
Entity Central Index Key	0001823882
Entity Tax Identification Number	85-2642786
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	777 Yamato Road
Entity Address, Address Line Two	Suite 310
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	(561)
Local Phone Number	893-8670
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 130,490,985
Entity Common Stock, Shares Outstanding		74,638,893
Documents Incorporated by Reference [Text Block]	None
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	248
Auditor Name	Grant Thornton LLP
Auditor Location	Florida

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 7,517	$ 7,253
Restricted cash		34
Accounts receivable, net of allowance of $229 and $647 at December 31, 2023 and 2022, respectively	10,416	46,565
Inventory	4,077	18,556
Prepaid expenses and other current assets	15,125	17,289
Total current assets	37,135	89,697
Property, plant and equipment, net	4,514	7,351
Goodwill		13,641
Intangible assets, net		5,302
Right-of-use assets, net	2,648	5,697
Other non-current assets	2,975	3,407
Total assets	47,272	125,095
Current liabilities:
Accounts payable	9,483	26,173
Accrued expenses and other current liabilities	31,981	32,243
Deferred revenue	2,700	2,892
Senior term loan	59,470	40,529
Subordinated debt	11,685	11,119
Subordinated term loan - related party	45,393	41,528
Convertible debt	33,345	43,928
Current portion of long-term debt	265	259
Total current liabilities	194,322	198,671
Other long-term liabilities	3,919	7,223
Total liabilities	198,241	205,894
Stockholders’ deficit:
Common stock, $0.0001 par value; 250,000,000 shares authorized; 74,638,893 and 74,283,026 shares issued and outstanding at December 31, 2023 and 2022, respectively	7	7
Additional paid-in capital	779,142	770,427
Accumulated deficit	(930,118)	(851,233)
Total stockholders’ deficit	(150,969)	(80,799)
Total liabilities and stockholders’ deficit	$ 47,272	$ 125,095

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance	$ 229	$ 647
Common stock, Par value	$ 0.0001	$ 0.0001
Common stock, Shares authorized	250,000,000	250,000,000
Common stock, Shares issued	74,638,893	74,283,026
Common stock, Shares outstanding	74,638,893	74,283,026

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenues	$ 77,568	$ 167,259
Cost of revenues:
Total cost of revenues	58,115	100,819
Gross profit	19,453	66,440
Operating expenses:
Research and development	44,971	61,377
Sales and marketing	18,262	30,587
General and administrative	21,688	40,070
Amortization of intangibles	189	1,136
Restructuring costs	5,316	1,279
Total operating expenses	90,426	134,449
Loss from operations	(70,973)	(68,009)
Interest expense, net	(30,722)	(20,394)
Change in fair value of warrant liability and derivatives, net	2,090	7,085
Loss on extinguishment of debt	(8,281)
Gain on sale of subsidiary	28,414
Other income (expense), net	91	(4,261)
Loss before income taxes	(79,381)	(85,579)
Income tax benefit	496	197
Net loss	$ (78,885)	$ (85,382)
Loss per share - basic and diluted	$ (1.06)	$ (1.17)
Weighted average shares outstanding - basic and diluted	74,575,810	72,782,773
Products And Software Licenses [Member]
Revenues:
Total revenues	$ 64,085	$ 148,922
Cost of revenues:
Total cost of revenues	53,404	95,335
Maintenance Warranty And Services [Member]
Revenues:
Total revenues	13,483	18,337
Cost of revenues:
Total cost of revenues	$ 4,711	$ 5,484

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 7	$ 749,592	$ (765,851)	$ (16,252)
Balance at Beginning, shares at Dec. 31, 2021	72,335,952
Net loss			(85,382)	(85,382)
Issuance of restricted shares, net of shares withheld for taxes		(295)		(295)
Issuance of restricted shares, net of shares withheld for taxes, shares	1,947,074
Share-based compensation expense		21,130		21,130
Ending balance, value at Dec. 31, 2022	$ 7	770,427	(851,233)	(80,799)
Balance at Ending, shares at Dec. 31, 2022	74,283,026
Net loss			(78,885)	(78,885)
Issuance of restricted shares, net of shares withheld for taxes		(162)		(162)
Issuance of restricted shares, net of shares withheld for taxes, shares	355,867
Issuance of warrants		1,744		1,744
Share-based compensation expense		7,133		7,133
Ending balance, value at Dec. 31, 2023	$ 7	$ 779,142	$ (930,118)	$ (150,969)
Balance at Ending, shares at Dec. 31, 2023	74,638,893

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (78,885)	$ (85,382)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,153	4,622
Foreign exchange loss (gain) on long-term debt	6	(16)
Loss on extinguishment of debt	8,281
Change in fair value of warrants and derivatives	(2,090)	(7,085)
Non-cash debt waiver and amendment fees		3,321
Share-based compensation expense	7,133	21,130
Inventory impairment charge	12,013
Gain on sale of subsidiary	(28,414)
Credit loss	453	638
Total adjustments	535	22,610
Changes in operating assets and liabilities:
Decrease in accounts receivable	19,312	10,777
Decrease (increase) in inventory	354	(1,339)
Decrease in prepaid expenses and other current assets	1,926	1,544
Decrease in other non-current assets	321	535
Decrease in accounts payable	(3,786)	(3,536)
Increase (decrease) in deferred revenue	35	(10)
Increase in accrued expenses and other current liabilities	122	2,418
Increase (decrease) in other long-term liabilities	501	(5,728)
Increase in accrued interest on long-term debt	19,881	10,947
Net cash used in operating activities	(39,684)	(47,164)
Cash flows from investing activities:
Purchase of property, plant and equipment	(1,266)	(3,096)
Net proceeds from sale of subsidiary	54,971
Net cash provided by (used in) investing activities	53,705	(3,096)
Cash flows from financing activities:
Borrowings from senior term loan	30,000
Repayments of senior term loan	(24,930)	(5,280)
Repayment of convertible debt	(16,783)
Payment for taxes withheld on stock awards	(162)	(295)
Payment of debt issuance costs	(1,916)
Net cash used in financing activities	(13,791)	(5,575)
Net increase (decrease) in cash, cash equivalents and restricted cash	230	(55,835)
Cash, cash equivalents and restricted cash, beginning of year	7,287	63,122
Cash, cash equivalents and restricted cash, end of year	7,517	7,287
Supplemental disclosures of cash flow information
Cash paid for interest	5,982	6,091
Cash received from R&D tax credit refunds, net of cash paid for income taxes	820	509
Operating cash flows from operating leases	(2,468)	(2,830)
Lease liability obtained in exchange for obtaining right-of-use assets	84	1,494
Supplemental disclosure of non-cash financing activities:
Non-cash debt amendment fee	4,658	463
Warrants issued for convertible debt	$ 1,744

BUSINESS AND BASIS OF PRESENTAT

BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS AND BASIS OF PRESENTATION	1. BUSINESS AND BASIS OF PRESENTATION Business On August 13, 2021 (the “Closing”), Airspan Networks Holdings Inc. (formerly New Beginnings Acquisition Corp.) (the “Company”) consummated its previously announced business combination transaction (the “Business Combination”) pursuant to the business combination agreement (the “Business Combination Agreement”), dated March 8, 2021, by and among the Company, Artemis Merger Sub Corp., a Delaware corporation and wholly-owned direct subsidiary of the Company (“Merger Sub”), and Airspan Networks Inc., a Delaware corporation (“Legacy Airspan”). In connection with the Closing of the Business Combination, the Company changed its name to Airspan Networks Holdings Inc. Unless the context otherwise requires, references to “Airspan”, the “Company”, “us”, “we”, “our” and any related terms prior to the Closing of the Business Combination are intended to mean Legacy Airspan and its consolidated subsidiaries, and after the Closing of the Business Combination, Airspan Networks Holdings Inc. and its consolidated subsidiaries. In addition, unless the context otherwise requires, references to “New Beginnings” and “NBA” are references to New Beginnings Acquisition Corp., the Company’s name prior to the Closing. The Company designs and produces wireless network equipment for 4G and 5G networks for both mainstream public telecommunications service providers and private network implementations. Airspan provides Radio Access Network (“RAN”) products based on Open Virtualized Cloud Native Architectures, that support technologies including 5G new radio (“5G NR”) and Long-Term Evolution (“LTE”), and Fixed Wireless standards, operating in licensed, lightly-licensed and unlicensed frequencies. The market for the Company’s wireless systems includes mobile carriers, other public network operators and private and government network operators for command and control in industrial and public safety applications such as smart utilities, defense, transportation, mining and oil and gas. The Company’s strategy applies the same network technology across all addressable sectors. The Company’s main operations are in Slough, United Kingdom (“U.K.”); Mumbai and Bangalore, India; Tokyo, Japan; Airport City, Israel; and the Company’s corporate headquarters are in the United States (“U.S.”) in Boca Raton, Florida. Basis of Presentation and Principles of Consolidation The accompanying financial statements include the accounts of the Company, its wholly-owned subsidiaries and Airspan IP Holdco LLC (“Holdco”) – 99.8% owned by Airspan. The non-controlling interest in net assets of this subsidiary, and the net income or loss attributable to the non-controlling interest, were not recorded by the Company as they are considered immaterial. All significant inter-company balances and transactions have been eliminated in consolidation. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Liquidity The Company has historically incurred losses from operations. In the past, these losses have been financed through cash on hand, or capital raising activities, including borrowings or the sale of newly issued shares. The Company filed Chapter 11 on March 31, 2024. The Bankruptcy Court confirmed the Company’s Prepackaged Plan on June 28, 2024. The Company had $ 37.1 194.3 39.7 Going concern The accompanying financial statements have been prepared and are presented assuming the Company’s ability to continue as a going concern. On March 31, 2024, the Company and certain of its affiliates and subsidiaries (collectively the “Debtors”) filed bankruptcy petitions under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 in the Bankruptcy Court. The Bankruptcy Court confirmed the Company’s Prepackaged Plan on June 28, 2024. In addition, as discussed in Notes 14 and 15 to the consolidated financial statements, the Company’s senior term loan and Convertible Notes require certain financial covenants to be met. We were not in compliance with the minimum liquidity covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement at all times from October 26, 2023, which was an event of default under those agreements for which a waiver was obtained. We also did not satisfy the revenue covenant and the EBITDA covenant on September 30, 2023, which were also events of default for which a waiver was obtained. We also did not make cash payments of principal and interest under the Fortress Credit Agreement and the Fortress Convertible Note on September 30, October 31, November 30, and December 31 within any grace period applicable thereto, for which we obtained a deferral of such payments. We also obtained a prospective waiver of compliance with the minimum liquidity covenant, the minimum last twelve-month EBITDA covenant and the minimum last twelve-month revenue covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement as of the December 31, 2023 quarterly measurement date. In order to address the need to satisfy the Company’s continuing obligations and realize its long-term strategy, management has taken several steps and is considering additional actions to improve its operating and financial results, including the following: ● focusing the Company’s efforts to increase sales in additional geographic markets; ● continuing to develop 5G product offerings that will expand the market for the Company’s products; ● continuing to improve days sales outstanding to provide additional liquidity: and ● continuing to implement cost reduction initiatives to reduce non-strategic costs in operations and expand the Company’s labor force in lower cost geographies, with headcount reductions in higher cost geographies. There can be no assurance that the above actions will be successful. Without additional financing or capital, the Company’s current cash balance would be insufficient to satisfy repayment demands from its lenders if the lenders elect to declare the senior term loan and the senior secured convertible notes due prior to the maturity date. There is no assurance that the new or renegotiated financing will be available, or that if available, will have satisfactory terms. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued. If the Company emerges from bankruptcy under the currently proposed Restructuring Support Agreement (“RSA”), this is expected to provide adequate equity financing and eliminate all existing senior and subordinated debt. In addition, the Company expects to have access to a $ 20.0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Cash and cash equivalents and restricted cash The Company considers all highly liquid investments with an original maturity, or remaining maturity when acquired, of three months or less to be cash equivalents. Cash and cash equivalents are all maintained in bank accounts. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands): Schedule of cash and cash equivalents December 31, 2023 2022 Cash and cash equivalents $ 7,517 $ 7,253 Restricted cash - 34 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,517 $ 7,287 Accounts receivable Accounts receivable represent receivables from customers in the ordinary course of business. These are recorded at the invoiced amount and do not bear interest. Receivables are recorded net of the allowance for doubtful accounts in the accompanying consolidated balance sheets. The Company evaluates the collectability of its accounts receivable based on a combination of factors, such as historical experience, credit quality, country risk, current level of business, age of the accounts receivable and current economic conditions. The Company regularly analyzes its customer accounts overdue more than 90 days, and when it becomes aware of a specific customer’s inability to meet its financial obligations, the Company records a specific allowance to reduce the related receivable to the amount it reasonably believes to be collectible. When collection efforts cease or collection is considered remote, the account and related allowance are written off. Inventory Inventory is stated at the lower of cost or net realizable value under the average cost method. Cost includes all costs incurred in bringing each product to its present location and condition. We record inventory write-downs to net realizable value through an allowance for obsolete and slow-moving items based on inventory turnover trends, historical and market knowledge experience. Property, plant and equipment Property, plant and equipment are stated at cost, less accumulated depreciation. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred as part of general and administrative expenses in the consolidated statements of operations. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, based on prices prevailing at the date of acquisition of each asset evenly over its expected useful life, as follows: ● Plant, machinery and equipment — over 2 5 ● Furniture and fixtures — over 4 5 ● Leasehold improvements — over lesser of the minimum lease term or the useful life Goodwill Goodwill was the result of a business combination that occurred in 2018 (See Note 9). The subsidiary that had Goodwill was sold on August 11, 2023 (See Note 9). Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. Goodwill is not amortized; however, it is assessed for impairment at least annually, or more frequently if triggering events occur. For purposes of the annual assessment, management initially performs a qualitative assessment, which includes consideration of the economic, industry and market conditions in addition to our overall financial performance and the performance of these assets. If our qualitative assessment does not conclude that it is more likely than not that the estimated fair value of the reporting unit is greater than the carrying value, we perform a quantitative analysis. In a quantitative test, the fair value of a reporting unit is determined based on a combination of a discounted cash flow analysis and the guideline company approach. A discounted cash flow analysis requires us to make various assumptions, including assumptions about future cash flows, growth rates and discount rates. The guideline company method develops valuation multiples by comparing the Company’s reporting units to similar publicly traded companies. Key valuation assumptions used in determining the fair value estimates of the Company’s reporting units rely on: (a) the selection of similar companies; and (b) the selection of valuation multiples as they apply to the reporting unit characteristics. The assumptions about future cash flows and growth rates are based on our long-term projections. Assumptions used in our impairment testing are consistent with our internal forecasts and operating plans. If the fair value of the reporting unit exceeds its carrying amount, there is no impairment. If not, we recognize an impairment equal to the difference between the carrying amount of the reporting unit and its fair value, not to exceed the carrying amount of goodwill. As the goodwill was disposed of prior to the planned annual assessment date, no impairment assessment was necessary for the year ended December 31, 2023. Intangible assets, net The Company’s intangible assets were primarily the result of business combinations and include acquired developed technology, customer relationships, trademarks and non-compete agreements. These intangible assets were sold on August 11, 2023. These are amortized utilizing a straight-line method over their estimated useful lives. When establishing useful lives, the Company considers the period and the pattern in which the economic benefits of the intangible asset are consumed or otherwise used; or, if that pattern cannot be reliably determined, using a straight-line amortization method over a period that may be shorter than the ultimate life of such intangible asset. There is no residual value associated with the Company’s finite-lived intangible assets. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described below in “Impairment of long-lived assets.” Impairment of long-lived assets The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. This review consists of a comparison of the carrying value of the asset with the asset’s expected future undiscounted cash flows. Estimates of expected future cash flows represent management’s best estimate based on reasonable and supportable assumptions and projections. If the expected undiscounted future cash flows exceed the carrying value of the asset, no impairment is recognized. If the carrying value of the asset exceeds the expected undiscounted future cash flows, impairment exists and is determined by the excess of the carrying value over the fair value of the asset. Any impairment provisions recognized are permanent and may not be restored in the future. No Other non-current assets Other non-current assets represent the value of funded employee severance benefit accounts and deposits issued to landlords. As of December 31, 2023, eleven employees are entitled to one month of the employee’s current salary, multiplied by the number of years of employment. The Company accrues a liability for this obligation and funds an employee severance benefit account monthly. The value of these funds is recorded in other non-current assets in the Company’s consolidated balance sheets and the liability is recorded in other long-term liabilities. The deposited funds include earnings accumulated up to the balance sheet date. The deposited funds may be withdrawn by the employee only upon the fulfilment of the obligation pursuant to labor law or agreements. Right-of-use assets and lease liabilities The Company has both cancellable and noncancelable operating leases for office space, vehicles, and office equipment. The Company records leases in accordance with ASC 842, Leases Convertible Notes Concurrent with the Business Combination, the Company issued convertible notes. Refer to Notes 3 and 15 for further discussion on the convertible notes. The convertible notes are accounted for as a liability under the traditional convertible debt model and measured at amortized cost under Accounting Standard Codification (“ASC”) 470-20. The Company accounts for the embedded derivatives at fair value under ASC 815, Derivatives and Hedging The Company evaluated the guidance in ASC 815 and concluded the conversion option is not considered indexed to the Company’s own stock. As a result, the redemption feature and conversion option were bifurcated from the Convertible Notes and are separately measured at fair value at each reporting period within other long-term liabilities in the consolidated balance sheets with changes in their respective fair values recognized in other expense, net within the consolidated statements of operations. Common Stock Warrants and Post-Combination Warrants The Company evaluated the public warrants (the “Public Warrants”) and private placement warrants (the “Private Placement Warrants” and, together with the Public Warrants, the “Common Stock Warrants”) issued in connection with NBA’s initial public offering, the Company’s warrants which are exercisable to purchase a share of the Company’s common stock (the “Common Stock”) at an exercise price of $12.50 per share (the “Post-Combination $12.50 Warrants”), the Company’s warrants which are exercisable to purchase a share of Common Stock at an exercise price of $15.00 per share (the “Post-Combination $15.00 Warrants”) and the Company’s warrants which are exercisable to purchase a share of Common Stock at an exercise price of $17.50 per share (the “Post-Combination $17.50 Warrants” and, together with the Post-Combination $12.50 Warrants and the Post-Combination $15.00 Warrants, the “Post-Combination Warrants”) under ASC 815-40, Derivatives and Hedging-Contracts in Entity’s Own Equity Revenue recognition We derive the majority of our revenue from sales of our networking products and software licenses, with the remaining revenue generated from service fees relating to maintenance contracts, professional services and training for our products. We sell our products and services to end customers, distributors and resellers. Products and services may be sold separately or in bundled packages. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Certain of our contracts have multiple distinct performance obligations, as the promise to transfer individual goods or services is separately identifiable from other promises in the contracts and the customer can benefit from these individual goods or services either on their own or together with other resources that are readily available to the customer. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation based on its relative stand-alone selling price. The stand-alone selling prices are determined based on the prices at which we separately sell these products. For items that are not sold separately, we estimate the stand-alone selling prices using either an expected cost-plus margin or the adjusted market assessment approach depending on the nature of the specific performance obligation. For all of the Company’s product sales, revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied), which typically occurs at shipment of the product. For product sales, the Company generally does not grant return privileges, except for defective products during the warranty period. Sales taxes collected from customers are excluded from revenues. Revenue from non-recurring engineering is recognized at a point in time or over-time depending on if the customer controls the asset being created or enhanced. For new product design or software development services, the customer does not control the asset being created, the customer is not simultaneously receiving or consuming the benefits from the work performed and the work performed has alternative use to the Company. Therefore, revenue related to these projects is recognized at a point in time which is when the specified developed technology has been delivered and accepted by the customer. Revenue from professional service contracts primarily relates to other consulting arrangements performed by the Company for its customers. Revenue from professional service contracts provided on a time and materials basis are recognized when the Company has the right to invoice under the practical expedient as amounts correspond directly with the value of the services rendered to date. Revenue from product maintenance contracts is recognized over time as the Company’s performance obligations are satisfied. This is typically the contractual service period, which is generally one year. Maintenance and support services are a distinct performance obligation that includes the stand-ready obligation to provide telephone support, bug fixes and unspecified software upgrades and updates provided on a when-and-if-available basis and/or extended hardware warranty, which is considered a service type warranty. Revenue from software licenses is primarily related to the sale of perpetual licenses to customers. The software delivered to the customer has stand-alone functionality and the customer can use the intellectual property as it exists at any time. Therefore, the Company recognizes revenue when the software license is delivered to the customer. There are no further performance obligations once the software license is delivered to the customer. Payment terms to customers generally range from prepayment to 120 days from invoice, which are considered to be standard payment terms. The Company assesses its ability to collect from its customers based primarily on the creditworthiness and past payment history of the customer. The Company has elected to apply the practical expedient that allows an entity to not adjust the promised amount of consideration in customer contracts for the effect of a significant financing component when the period between the transfer of product and services and payment of the related consideration is less than one year. The estimated cost of any post-sale obligations, including basic product warranties, is accrued at the time revenue is recognized based on a number of factors, which include historical experience and known conditions that may impact future warranty costs. The Company accounts for shipping and handling activities as a fulfilment cost rather than an additional promised service. Therefore, revenue related to shipping and handling activities is included in product revenues. Shipping and handling costs are accrued and recorded as cost of revenue when the related revenue is recognized. Billings to customers for reimbursement of out-of-pocket expenses, including travel, lodging and meals, are recorded as revenue, and the associated costs incurred by the Company for those items are recorded as cost of revenue. Revenue related to the reimbursement of out-of-pocket costs are accounted for as variable consideration. Contract Balances A contract asset is recorded when revenue is recognized in advance of our right to receive consideration (i.e., we must perform additional services in order to receive consideration). Amounts are recorded as receivables when our right to consideration is unconditional. When consideration is received, or we have an unconditional right to consideration in advance of delivery of goods or services, a contract liability is recorded. The transaction price can include non-refundable upfront fees, which are allocated to the identifiable performance obligations. Contract assets are included within other current assets and contract liabilities are included in deferred revenue in our consolidated balance sheets. Costs to Obtain or Fulfill a Contract The Company capitalizes commission expenses paid to internal sales personnel and sales agent commissions that are incremental to obtaining customer contracts, for which the related revenue is recognized over a future period. These costs are incurred on initial sales of product, maintenance and professional services and maintenance and support contract renewals. The Company defers these costs and amortizes them over the period of benefit, which the Company generally considers to be the contract term or length of the longest delivery period as contract capitalization costs in the consolidated balance sheets. Commissions paid relating to contract renewals are deferred and amortized on a straight-line basis over the related renewal period as commissions paid on renewals are commensurate with commissions paid on initial sales transactions. Costs to obtain contracts and capitalized costs to fulfill contracts were not significant for the years ended December 31, 2023 and 2022. Costs to obtain a contract for development and engineering service contracts are expensed as incurred in accordance with the practical expedient as the contractual period of these contracts are generally one year or less. Warranty liabilities The Company provides a limited warranty for periods, usually ranging from 12 to 24 months, to all purchasers of its new products. Warranty expense is accrued on the sale of products and is recognized as a cost of revenue. The expense is estimated based on analysis of historic costs and other relevant factors. Foreign currency The U.S. dollar is the functional currency of all of the Company’s foreign subsidiaries. Foreign currency denominated monetary assets and liabilities of subsidiaries for which the U.S. dollar is the functional currency are remeasured based on exchange rates at the end of the period. Non-monetary assets and liabilities of these operations are remeasured at historical rates in effect when the asset was recognized or the liability was incurred. Revenues and expenses for foreign entities transacted in local currency are remeasured at average exchange rates in effect during each period. The resulting remeasurement gains and losses are recognized within other expense, net on the Company’s consolidated statements of operations. The Company recorded foreign currency losses of $ 0.1 3.9 Significant concentrations Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of cash and cash equivalents, restricted cash and accounts receivable. The Company places its cash and cash equivalents in highly rated financial instruments. The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The Company has not experienced any losses on such accounts. In addition, the Company maintains various bank accounts in various foreign countries, which are not insured. The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash and restricted cash balances were as follows (in thousands): Schedule of Cash and restricted cash December 31, 2023 2022 Cash in U.S. dollars in U.S. banks $ 4,819 $ 3,803 Cash in foreign banks and foreign currency 2,697 3,483 Petty cash 1 1 Total $ 7,517 $ 7,287 The Company’s accounts receivable are derived from sales of its products, and approximately 78 61 8.0 76 25.0 54 68 61 10 The Company received 85 87 Share-based compensation The Company estimates the fair value of share-based awards on the date of grant using the Black-Scholes option pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statements of operations on a straight-line basis over the requisite service periods, which is generally the vesting period. Because share-based compensation expense is based on awards that are ultimately expected to vest, share-based compensation expense has been reduced to account for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates (see Note 20). The Company uses authorized and unissued shares to meet share issuance requirements. Employee stock options generally vest ratably over a four-year period and expire on the tenth anniversary of their issuance. Restricted stock is common stock that is subject to a risk of forfeiture or other restrictions that will lapse upon satisfaction of the passage of time. Awards of restricted stock that vest only by the passage of time will generally vest ratably over four years from the date of grant. Segment reporting The Company operates as a single segment, the development and supply of broadband wireless products and technologies. This is based on the objectives of the business and how our chief operating decision maker, the Chief Executive Officer, monitors operating performance and allocates resources. Income taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authorities. The Company does not have any other material uncertain tax positions. The Company recognizes accrued interest related to unrecognized tax benefits, if any, in interest expense and penalties in operating expenses. As of December 31, 2023 and 2022, the Company did no Other taxes Taxes on the sale of products and services to U.S. customers are collected by the Company as an agent and recorded as a liability until remitted to the respective taxing authority. For sales in applicable countries outside the U.S., the Company is subject to those applicable taxes. These taxes have been presented on a net basis in the consolidated financial statements. Fair value measurements We carry certain assets and liabilities at fair value. Fair value is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants on the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs based on the observability as of the measurement date, is as follows: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 Observable inputs other than the quoted prices in active markets for identical assets and liabilities; and Level 3 Unobservable inputs for which there is little or no market data, which require us to develop assumptions of what market participants would use in pricing the asset or liability. Due to the use of unobservable inputs, any changes in inputs may result in a higher or lower fair value measurement. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities being measured within the fair value hierarchy (see Note 17). Earnings (loss) per share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for each period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares and common share equivalents outstanding for each period. Diluted earnings (loss) per share reflects the potential dilution that could occur if outstanding stock options and warrants at the presented dates are exercised and shares of restricted stock have vested, using the treasury stock method. The potential issuance of common stock upon conversion of the Convertible Notes is evaluated under the if-converted method. Potential common shares are excluded from the computation of diluted earnings per common share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. Advertising expense Advertising is expensed as incurred. Advertising expense is included in sales and marketing in the consolidated statements of operations and amounted to $ 0.6 0.7 Recent accounting pronouncements In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In June 2016, the FASB issued ASU No. 2016-13 (amended by ASU 2019-10), “ Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, regarding the measurement of credit losses for certain financial instruments.

SALE OF SUBSIDIARY

SALE OF SUBSIDIARY	12 Months Ended
	Dec. 31, 2023
Sale Of Subsidiary
SALE OF SUBSIDIARY	3. SALE OF SUBSIDIARY On March 8, 2023 the Company entered into the a purchase agreement with the Company, Legacy Airspan, Mimosa, and Radisys Corporation (“Buyer”), pursuant to which Legacy Airspan sold all of the issued and outstanding shares of common stock of Mimosa to Buyer for an aggregate purchase price of approximately $ 60 The assets and liabilities of the disposal group, Mimosa and its subsidiaries, were evaluated to determine whether the carrying amounts should be adjusted in accordance with other GAAP standards. After adjusting the assets and liabilities of the disposal group, the disposal group as a whole was measured at the lower of carrying amount or fair value less costs to sell. Depreciation and amortization of long-lived assets in the disposal group was not recorded during the period in which the disposal group met the criteria for held for sale. The gain on the sale of Mimosa was calculated as follows (in 000’s): Schedule of the gain on the sale of Mimosa Aggregate purchase price, including working capital adjustment and closing cash $ 60,732 Less transaction costs (5,624 ) Less net assets less liabilities of Mimosa (26,694 ) Gain on sale of subsidiary $ 28,414 The Company expects the gain on the sale of Mimosa to be fully covered by its net operating losses for income tax purposes.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2023
Revenue Recognition
REVENUE RECOGNITION	4. REVENUE RECOGNITION The following is a summary of revenue by category (in thousands): Schedule of revenue Year Ended 2023 2022 Products sales $ 60,686 $ 142,844 Non-recurring engineering (“NRE”) 2,706 4,944 Product maintenance contracts 8,376 9,418 Professional service contracts 2,401 3,975 Software licenses 3,105 5,184 Other 294 894 Total revenues $ 77,568 $ 167,259 Revenue recognized at a point in time for NRE services amounted to $ 1.5 2.4 1.2 2.5 The opening and closing balances of our contract asset and liability balances from contracts with customers as of December 31, 2023 and 2022 were as follows (in thousands): Schedule of contracts with customers asset and liability Contracts Contracts Balance as of December 31, 2022 $ 9,001 $ 2,892 Balance as of December 31, 2023 7,393 2,701 Change $ (1,608 ) $ (191 ) Remaining performance obligations represent the revenue that is expected to be recognized in future periods related to performance obligations included in a contract that are unsatisfied, or partially satisfied, as of the end of a period. As of December 31, 2023 and 2022, deferred revenue (both current and noncurrent) of $ 2.7 2.9 1.8 2.8 Revenues for the years ended December 31, 2023 and 2022, include the following (in thousands): Schedule of revenues from contract liability Year Ended 2023 2022 Amounts included in the beginning of year contract liability balance $ 2,431 $ 2,383

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2023
Prepaid Expenses And Other Current Assets
PREPAID EXPENSES AND OTHER CURRENT ASSETS	5. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following (in thousands): Schedule of prepaid expenses and other current assets consist December 31, 2023 2022 Contract assets $ 7,393 $ 9,001 Prepaid insurance 1,660 1,862 Rental and other deposits 1,394 641 R&D tax credit receivable 1,550 1,739 Prepaid royalties 783 204 Prepaid taxes 789 1,103 Prepaid maintenance 375 429 Non-trade receivables 137 770 Other prepaids 1,044 1,540 Total Prepaid expenses and other current assets $ 15,125 $ 17,289

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
INVENTORY	6. INVENTORY Inventory consists of the following (in thousands): Schedule of inventory December 31, 2023 2022 Purchased parts and materials $ 653 $ 1,396 Work in progress 6 287 Finished goods and consumables 3,418 16,873 Total Inventory net $ 4,077 $ 18,556

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	7. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consists of the following (in thousands): Schedule of property, plant and equipment December 31, 2023 2022 Plant, machinery and equipment $ 12,089 $ 34,482 Furniture and fixtures 426 774 Leasehold improvements 1,120 2,712 13,635 37,968 Accumulated depreciation (9,121 ) (30,617 ) Total Property, plant and equipment, net $ 4,514 $ 7,351 Depreciation expense totalled approximately $ 3.0 3.6

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	8. RESTRUCTURING ACTIVITIES In the second quarter of 2023, as part of a strategic review of our operations, the Company implemented a cost reduction and restructuring program (the “2023 Restructuring Program”). The 2023 Restructuring Program was primarily comprised of entering into severance and termination agreements with employees. The payments related to severance costs were completed by March 31, 2024 and the payments related to the building costs should be completed by December 31, 2024. Restructuring costs are presented separately on the consolidated statements of operations. The following table presents the restructuring costs recognized by the Company under the 2023 Restructuring Program for the years ended December 31, 2023 and 2022. Schedule of restructuring costs recognized 2023 2022 Severance costs $ 4,961 $ 1,262 Other 355 17 Total restructuring costs $ 5,316 $ 1,279 The following table represents the restructuring liabilities, which are presented within other accrued expenses in the consolidated balance sheets: Schedule of restructuring liabilities 2023 2022 Beginning balance $ 231 $ - Current period charges 5,316 1,279 Payments (2,605 ) (1,048 ) Ending balance $ 2,942 $ 231

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	9. GOODWILL AND INTANGIBLE ASSETS, NET The Company had no goodwill of December 31, 2023 and $ 13.6 Intangible assets, net consisted of the following (in thousands): Schedule of Intangible assets, net Weighted December 31, 2022 Average Gross Accumulated Net Internally developed technology 10 $ 7,810 $ (3,189 ) $ 4,621 Customer relationships 6 2,130 (1,449 ) 681 Trademarks 2 720 (720 ) - Non-compete 3 180 (180 ) - Total acquired intangible assets $ 10,840 $ (5,538 ) $ 5,302 The Company’s intangible assets included internally developed technology, customer relationships, trademarks and non-compete agreements. Amortization expense related to the Company’s intangible assets amounted to $ 0.2 1.1

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2023
Other Non-current Assets
OTHER NON-CURRENT ASSETS	10. OTHER NON-CURRENT ASSETS Other non-current assets consist of the following (in thousands): Schedule of other non current assets December 31, 2023 2022 Funded employee severance benefits $ 2,818 $ 3,161 Deposits issued to landlords 157 246 Total Other non-current assets $ 2,975 $ 3,407

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	11. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following (in thousands): Schedule of other accrued expenses December 31, 2023 2022 Payroll and related benefits and taxes $ 5,642 $ 8,312 Fair value of embedded derivatives related to Convertible Debt 3,645 5,353 Royalties 3,266 3,610 Loan success fee related to Convertible Debt 2,858 2,858 Agent and sales commissions 115 1,224 Right-of-use lease liability, current portion 2,290 2,923 Tax liabilities 580 1,301 Product warranty liabilities 1,117 1,478 Product marketing 14 376 Manufacturing subcontractor costs 1,200 1,787 Legal and professional services 1,638 1,282 Inventory purchases 4,672 - Restructuring 2,942 231 Other 2,002 1,508 Total accrued expenses and other current liabilities $ 31,981 $ 32,243

SUBORDINATED DEBT

SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2023
Broker-Dealer [Abstract]
SUBORDINATED DEBT	12. SUBORDINATED DEBT On August 6, 2015, Legacy Airspan issued Golden Wayford Limited a $ 10.0 1.0 February 16, 2016 The principal and accrued interest under the Golden Wayford Note would have been automatically converted into common shares at the time of the next equity financing and consummated prior to, on or after the maturity date (June 30, 2020). Such conversion right expired in accordance with its term. Interest accrues at 5.0 The Golden Wayford Note is subordinate to the obligations under the Fortress Credit Agreement (see Note 14). A limited waiver under the Fortress Credit Agreement waives each actual and prospective default and event of default existing under the Fortress Credit Agreement directly as a result of the non-payment of the Golden Wayford Note. The Company had subordinated debt outstanding of $ 9.0 2.7 2.1 See Notes 14 and 15 for a discussion of financial covenant breaches under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes.

SUBORDINATED TERM LOAN _ RELATE

SUBORDINATED TERM LOAN – RELATED PARTY	12 Months Ended
	Dec. 31, 2023
Subordinated Term Loan Related Party
SUBORDINATED TERM LOAN – RELATED PARTY	13. SUBORDINATED TERM LOAN – RELATED PARTY On February 9, 2016, Legacy Airspan entered into a $ 15.0 December 31, 2021 Prior to May 23, 2019, interest accrued at 2.475% per annum and was payable quarterly. In accordance with the amendments below, the interest rate changed as follows: (a) Amendment No. 3, on May 23, 2019, the interest rate changed to 9.0% per annum to be accrued; (b) Amendment No. 4, on March 30, 2020, the interest rate changed to 9.0% per annum through December 31, 2020 and from and after January 1, 2021, at a rate of 12.0% per annum to be accrued; and (c) Amendment No. 5, on December 30, 2020, the interest rate from January 1, 2021 and thereafter changed to 9.0% per annum to be accrued, subject to reversion to 12.0% if a condition subsequent is not satisfied. The subsequent condition was satisfied. The principal and accrued interest may be repaid early without penalty. The Company had subordinated term loan – related party outstanding of $ 30.0 15.4 11.5 See Notes 14 and 15 for a discussion of financial covenant breaches under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes.

SENIOR TERM LOAN

SENIOR TERM LOAN	12 Months Ended
	Dec. 31, 2023
Senior Term Loan
SENIOR TERM LOAN	14. SENIOR TERM LOAN On December 30, 2020, Legacy Airspan, together with Holdco, Airspan Networks (SG) Inc., Mimosa, Mimosa Networks International, LLC, Airspan Communications Limited, Airspan Networks LTD, and Airspan Japan K.K., as guarantors, together with the other parties thereto, entered into an assignment agreement, whereby Pacific Western Bank (“PWB”) and Ally Bank assigned their interests in a loan facility under the Second Amended and Restated Loan and Security Agreement with Legacy Airspan (the “PWB Facility”) to certain new lenders (the “Assignment Agreement”), and PWB entered into a resignation and assignment agreement (the “Agent Resignation Agreement”) pursuant to which PWB resigned in its capacity as agent under all of the transaction documents and DBFIP ANI LLC (“Fortress”) became the successor agent (as defined in the Agent Resignation Agreement), replacing PWB in such capacity under the PWB Facility. The Assignment Agreement and the Agent Resignation Agreement, along with a Reaffirmation and Omnibus Amendment, resulted in the amendment and restatement of the terms of the PWB Facility and a credit agreement with Fortress (the “Fortress Credit Agreement”) with the new lenders as the lenders thereunder. Fortress became the administrative agent, collateral agent and trustee for the lenders and other secured parties. At Closing, on August 13, 2021, the Company, Legacy Airspan and certain of the Company’s subsidiaries who are party to the Fortress Credit Agreement entered into a Waiver and Consent, Second Amendment, Restatement, Joinder and Omnibus Amendment to Credit Agreement and Other Loan Documents relating to the Fortress Credit Agreement with Fortress to, among other things, add the Company as a guarantor, recognize and account for the Business Combination, recognize and account for the Convertible Notes (see Note 15) and provide updated procedures for replacement of LIBOR. On March 29, 2022, the Company, Legacy Airspan and certain of the Company’s subsidiaries who are party to the Fortress Credit Agreement entered into the March 2022 Fortress Credit Amendment to, among other things, amend the financial covenants included in the Fortress Credit Agreement. On November 14, 2022, the Company, Legacy Airspan and certain of the Company’s subsidiaries who are party to the Fortress Credit Agreement entered into the November 2023 Fortress Credit Amendment to, among other things, effect a limited waiver of certain events of default under the Fortress Credit Agreement. On May 18, 2023, the Company, Legacy Airspan and certain of our subsidiaries who are party to the Fortress Credit Agreement entered into the May 2023 Fortress Credit Amendment to, among other things, amend and restate the Fortress Credit Agreement, effect a limited waiver of certain events of default under the Fortress Credit Agreement, terminate the existing delayed draw term loan commitments under the Fortress Credit Agreement, and establish new delayed draw term loan commitments in the aggregate amount of $25.0 million, modify the interest rates applicable to certain loans under the Fortress Credit Agreement, obtain certain consents related to the Transaction, and provide for the issuance of 5,912,040 With the May 2023 Credit Agreement Amendment, the interest rates were increased to 5.5 8.5 5.1 The Fortress Credit Agreement initial term loan total commitment of $ 34.0 10.0 December 30, 2024 Subsequent to December 29, 2021, the Company may prepay this loan but will incur a related fee in the amount of a make-whole amount of interest that would have been payable had such prepayment not been made. To secure its obligations under the Fortress Credit Agreement, Fortress was assigned PWB’s security interest under the PWB Facility and the Company granted Fortress as security for the obligations a security interest in (a) all of the real, personal and mixed property in which liens are granted or purported to be granted pursuant to any of the collateral documents as security for the obligations, (b) all products, proceeds, rents and profits of such property, (c) all of each loan party’s book and records (d) all of the foregoing whether now owned or existing, in each case excluding certain excluded assets. The Fortress Credit Agreement contains representations and warranties, events of default and affirmative and negative covenants, which include, among other things, certain restrictions on the ability to pay dividends, create liens, incur additional indebtedness, make investments, dispose of assets, consummate business combinations (except for permitted investments, as defined in the Fortress Credit Agreement), and make distributions. In addition, financial covenants apply. Prior to the March 2022 Fortress Credit Amendment, these financial covenants included (a) minimum liquidity of $4.0 million as of December 31, 2020 and $5.0 million thereafter, (b) minimum last twelve-month revenue and (c) minimum last twelve-month Earnings before Interest, Taxes, Depreciation, and Amortization (“EBITDA”). Pursuant to the March 2022 Fortress Credit Amendment, the financial covenants included in the Fortress Credit Agreement were amended to increase the minimum liquidity requirement to an amount between $ 15.0 20.0 2.0 4.0 The Company was not in compliance with the minimum liquidity covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement at all times from October 26, 2023, which was an event of default under those agreements for which the Company obtained a waiver. The Company also did not satisfy the revenue covenant and the EBITDA covenant on September 30, 2023, which were also events of default for which the Company obtained a waiver. The Company also did not make cash payments of principal and interest under the Fortress Credit Agreement and the Fortress Convertible Note on September 30, October 31, November 30, and December 31 within any grace period applicable thereto, for which we obtained a deferral of such payments. The Company also obtained a prospective waiver of compliance with the minimum liquidity covenant, the minimum last twelve-month EBITDA covenant and the minimum last twelve-month revenue covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement as of the December 31, 2023 quarterly measurement date. There can be no assurance that the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes will agree to waive future covenant breaches. Based on management’s current forecast, absent of additional financing or capital raising, the Company has concluded it is probable that the Company will not be in compliance with certain of the prospective financial covenants under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes during certain periods over the next twelve months. Accordingly, while the Company may seek future waivers from compliance with the applicable covenants in connection with such anticipated breaches, or amendments of existing financial covenants included in the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes, the Company is also pursuing alternative sources of capital so that it would be able to satisfy its prospective minimum liquidity obligations under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes. There can be no assurance that the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes will agree to waive any breaches thereunder that may arise in the future or that we will otherwise be able to remedy such breaches. In the absence of waivers or remedies of existing covenant breaches or any additional breaches that may arise in the future, the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes could (i) elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest and other premiums, and institute foreclosure proceedings against the Company’s assets, (ii) elect to apply the default interest rate under the Fortress Credit Agreement and the Fortress Convertible Note Agreement and related agreements, and (iii) with respect to the Fortress Credit Agreement, elect to terminate their delayed draw commitments thereunder and cease making further loans. As a result of any of these actions, the Company could be forced into bankruptcy or liquidation. In addition, the Company’s subordinated term loan – related party (see Note 13) and subordinated debt (see Note 12) could be accelerated or required to be paid due to provisions contained within those instruments. As a result, the Company has classified its senior term loan, convertible debt, subordinated term loan and subordinated debt as current at December 31, 2023. In connection with the Fortress Credit Agreement, the Company granted Fortress entities party to the Fortress Credit Agreement a warrant to purchase 55,284 61.50 5,912,040 The interest rate for Tranche 1 is based on the level of the Company’s Net EBITDA Leverage Ratio, as defined in the Fortress Credit Agreement. The initial applicable rate for Tranche 1 is set at Level V (see table below). After the initial applicable rate period, the relevant rate (prior to the effective date of the May 2023 Fortress Credit Amendment) is as follows for Tranche 1: Schedule of Fortress Credit Agreement Level Net EBITDA Base Rate Loan LIBOR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50% The applicable rate is LIBOR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% The applicable rate is LIBOR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% The applicable rate is LIBOR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is LIBOR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is LIBOR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% From and after the effective date of the May 2023 Fortress Credit Amendment, the relevant rate is as follows for Tranche 1: Level Net EBITDA Base Rate Loan SOFR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is Adjusted Term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% The applicable rate is Adjusted Term SOFR plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50% The applicable rate is Adjusted term SOFR plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50% The applicable rate is Adjusted Term SOFR plus 14.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 8.50% The interest rate for delayed draw term loans is based on the level of the Company’s Net EBITDA Leverage Ratio, as defined in the Fortress Credit Agreement. The initial applicable rate for delayed draw term loans is set at Level V (see table below). After the initial applicable rate period, the relevant rate is as follows for the delayed draw term loans: Level Net EBITDA Base Rate Loan SOFR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50% The applicable rate is Adjusted Term SOFR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% The applicable rate is Adjusted Term SOFR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% The applicable rate is Adjusted Term SOFR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is Adjusted term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% Interest with respect to the delayed draw term loans and delayed draw term loans is payable monthly in accordance with the Cash Component/PIK Component split described in the foregoing table. With respect to Tranche 2, the relevant applicable rate was 5.00% prior to the effective date of the May 2023 Fortress Credit Amendment, and 8.00% from and after the effective date of the May 2023 Fortress Credit Amendment and as of December 31, 2023 and is payable monthly as interest paid in kind. The Company’s senior term loan balance was $ 61.3 44.1 8.9 5.0 1.8 3.6

CONVERTIBLE DEBT

CONVERTIBLE DEBT	12 Months Ended
	Dec. 31, 2023
Convertible Debt
CONVERTIBLE DEBT	15. CONVERTIBLE DEBT On August 13, 2021, the Company, together with Airspan Networks Inc., Holdco, Airspan Networks (SG) Inc., Mimosa, Mimosa Networks International, LLC, Airspan Communications Limited, Airspan Networks LTD, and Airspan Japan K.K., as guarantors, and Fortress, entered into a Senior Secured Convertible Note Purchase and Guarantee Agreement (the “Fortress Convertible Note Agreement”), in order to meet the available cash requirement of the reverse recapitalization. Pursuant to the Fortress Convertible Note Agreement, $ 50.0 50.0 7.0 December 30, 2024 On March 29, 2022, the Company and certain of its subsidiaries who are party to the Fortress Convertible Note Agreement entered into a First Amendment and Waiver to Senior Secured Convertible Note Purchase and Guarantee Agreement and Other Note Documents relating to the Fortress Convertible Note Agreement and the Convertible Notes (the “March 2022 Fortress Convertible Note Agreement Amendment”) to, among other things, amend the financial covenants included in the Fortress Convertible Note Agreement, amend the conversion price of the Convertible Notes and amend the optional redemption provisions of the Convertible Notes. On November 14, 2022, the Company, Legacy Airspan and certain of our subsidiaries who are party to the Fortress Convertible Note Agreement entered into a Second Amendment, Limited Waiver and Consent Under Senior Secured Convertible Note Purchase and Guarantee Agreement and Other Note Documents relating to the Fortress Convertible Note Agreement with Fortress (the “November 2022 Fortress Convertible Note Agreement Amendment”) to, among other things, effect a limited waiver of certain events of default under the Fortress Convertible Note Agreement. On May 18, 2023, the Company and certain of its subsidiaries who are party to the Fortress Convertible Note Agreement entered into a Limited Waiver and Consent, Third Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents relating to the Fortress Convertible Note Agreement with Fortress (the “May 2023 Fortress Convertible Note Agreement Amendment”) to, among other things, effect a limited waiver of certain events of default under the Fortress Convertible Note Agreement, increase the interest rate on the Convertible Notes to 10.0% per annum, impose certain fees related to the Convertible Notes and the Fortress Convertible Note Agreement, and obtain certain consents related to the Transaction. On August 11, 2023, the Company and certain of our subsidiaries who are party to the Fortress Convertible Note Agreement entered into a Consent and Partial Release and Fourth Amendment to Note Documents relating to the Fortress Convertible Note Agreement with Fortress (the “August 2023 Fortress Convertible Note Purchase Agreement Amendment”) to, among other things, implement certain modifications to the Fortress Convertible Note Agreement relating to the Purchase Agreement and the Transaction. On November 14, 2023, the Company, Legacy Airspan and certain of our subsidiaries who are party to the Fortress Convertible Note Purchase and Guarantee Agreement entered into a Limited Waiver and Consent, Fourth Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents relating to the Fortress Convertible Note Agreement with Fortress (the “November 2023 Fortress Convertible Note Agreement Amendment”) to, among other things, effect a limited waiver of certain events of default under the Fortress Convertible Note Agreement, and establish certain new covenants. On December 22, 2023, the Company, and certain of its subsidiaries who are party to the Fortress Convertible Note Agreement entered into a Limited Waiver and Consent, Fifth Amendment to Senior Secured Convertible Note Purchase and Guarantee Agreement and Reaffirmation of Note Documents relating to the Fortress Convertible Note Agreement with Fortress (the “December 2023 Fortress Convertible Note Agreement Amendment”) to, among other things, effect a limited waiver of certain existing and potential prospective events of default under the Fortress Convertible Note Agreement, establish certain new covenants, and defer the due date of certain cash payments of interest under the Fortress Convertible Notes. Prior to the March 2022 Fortress Convertible Note Agreement Amendment, the Convertible Notes, together with all accrued but unpaid interest thereon, were convertible, in whole or in part, at any time prior to the payment in full of the principal amount thereof (together with all accrued but unpaid interest thereon), into shares of Common Stock at a conversion price equal to $12.50 per share. Pursuant to the March 2022 Fortress Convertible Note Agreement Amendment, the conversion price with respect to the Convertible Notes was decreased to $8.00 per share. The conversion price with respect to the Convertible Notes is subject to adjustment to reflect stock splits and subdivisions, stock and other dividends and distributions, recapitalizations, reclassifications, combinations and other similar changes in capital structure. The conversion price with respect to the Convertible Notes is also subject to a broad-based weighted average anti-dilution adjustment in the event the Company issues, or is deemed to have issued, shares of Common Stock, other than certain excepted issuances, at a price below the conversion price then in effect. In addition, pursuant to the March 2022 Fortress Convertible Note Agreement Amendment, if, during the period commencing on and including the date of the March 2022 Fortress Convertible Note Agreement Amendment and ending on and including the 15-month anniversary of the date of the March 2022 Fortress Convertible Note Agreement Amendment, there is no 30 consecutive trading day-period during which the average of the daily volume weighted average price of the Common Stock (“Daily VWAP”) for such 30 consecutive trading day-period (after excluding the three highest and the three lowest Daily VWAPs during such period) equals or exceeds $10.00 (as adjusted for stock splits, stock combinations, dividends, distributions, reorganizations, recapitalizations and the like), the conversion price with respect to the Convertible Notes will be reduced to the amount that such conversion price would otherwise have been had the conversion price with respect to the Convertible Notes been $6.00 on the date of the March 2022 Fortress Convertible Note Agreement Amendment. The following is the allocation among the freestanding instruments (in thousands) at the issuance date: Schedule of convertible notes August 13, Convertible Notes $ 41,887 Conversion option derivative 7,474 Call and contingent put derivative 639 Total Convertible Notes $ 50,000 As of December 31, 2023 and December 31, 2022, the Company had convertible debt outstanding as shown below (in thousands): Schedule of convertible debt December 31, 2023 2022 Convertible Notes $ 28,508 $ 41,887 Accrued interest (a) 5,365 2,898 Subtotal 33,873 44,785 Loan discount costs (528 ) (857 ) Total Convertible Notes $ 33,345 $ 43,928 (a) The accrued interest will accrete to principal value by the end of the term, December 30, 2024. The Company was not in compliance with the minimum liquidity covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement at all times from October 26, 2023, which was an event of default under those agreements for which the Company obtained a waiver. The Company also did not satisfy the revenue covenant and the EBITDA covenant on September 30, 2023, which were also events of default for which the Company obtained a waiver. The Company also did not make cash payments of principal and interest under the Fortress Credit Agreement and the Fortress Convertible Note on September 30, October 31, November 30, and December 31 within any grace period applicable thereto, for which we obtained a deferral of such payments. The Company also obtained a prospective waiver of compliance with the minimum liquidity covenant, the minimum last twelve-month EBITDA covenant and the minimum last twelve-month revenue covenant under the Fortress Credit Agreement and the Fortress Convertible Note Agreement as of the December 31, 2023 quarterly measurement date. There can be no assurance that the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes will agree to waive future covenant breaches. Based on management’s current forecast, absent of additional financing or capital raising, the Company has concluded it is probable that the Company will not be in compliance with certain of the prospective financial covenants under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes during certain periods of the next twelve months. Accordingly, while the Company may seek future waivers from compliance with the applicable covenants in connection with such anticipated breaches, or amendments of existing financial covenants included in the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes, the Company is also pursuing alternative sources of capital so that it would be able to satisfy its prospective minimum liquidity obligations under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes. There can be no assurance that the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes will agree to waive any breaches thereunder that may arise in the future or that we will otherwise be able to remedy such breaches. In the absence of waivers or remedies of existing covenant breaches or any additional breaches that may arise in the future, the lenders under the Fortress Credit Agreement and the agreement governing the Company’s senior secured convertible notes could (i) elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest and other premiums, and institute foreclosure proceedings against the Company’s assets, (ii) elect to apply the default interest rate under the Fortress Credit Agreement and the Fortress Convertible Note Agreement and related agreements, and (iii) with respect to the Fortress Credit Agreement, elect to terminate their delayed draw commitments thereunder and cease making further loans. As a result of any of these actions, the Company could be forced into bankruptcy or liquidation. In addition, the Company’s subordinated term loan – related party (see Note 13) and subordinated debt (see Note 12) could be accelerated or required to be paid due to provisions contained within those instruments. The Company has classified its senior term loan, convertible debt, subordinated term loan and subordinated debt as current at December 31, 2023.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	16. LONG-TERM DEBT As of December 31, 2023 and 2022, long-term debt consists of (in thousands): Schedule of long-term debt December 31, 2023 2022 Finnish Funding Agency for Technology and Innovation (“Tekes”) $ 431 $ 413 Less current portion – product development loans (265 ) (259 ) Less accrued interest on product development loans – current (166 ) (154 ) Total long-term debt $ - $ - At both December 31, 2023 and 2022, there were two capital product development loans amounting to $ 0.3 The Company has classified its debt as current. (See Note 1 Business, Going Concern). The table below sets forth the contractual maturities of the Company’s debt for each of the five years subsequent to December 31, 2023 and thereafter (in thousands): Schedule of contractual maturities Senior Subordinated Subordinated Long-Term Convertible Total 2024 $ 61,287 $ 11,685 $ - $ 265 $ 33,873 $ 107,110 2025 - - 45,393 - - 45,393 2026 - - - - - - 2027 - - - - - - 2028 - - - - - - Thereafter - - - - - - $ 61,287 $ 11,685 $ 45,393 $ 265 $ 33,873 $ 152,503 Unamortized debt issuance costs (1,817 ) - - - (528 ) (2,345 ) Total Debt $ 59,470 $ 11,685 $ 45,393 $ 265 $ 33,345 $ 150,158

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	17. FAIR VALUE MEASUREMENTS The Company’s assets and liabilities recorded at fair value are categorized based upon a fair value hierarchy that ranks the quality and reliability of the information used to determine fair value. The Company has certain non-financial assets that are measured at fair value on a non-recurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. These assets include property, plant and equipment, goodwill and intangible assets, net. The Company did not record impairment to any non-financial assets in the years ended December 31, 2023 and 2022. The Company does not have any non-financial liabilities measured and recorded at fair value on a non-recurring basis. Financial Disclosures about Fair Value of Financial Instruments The tables below set forth information related to the Company’s consolidated financial instruments (in thousands): Schedule of Fair Value of Financial Instruments Level in December 31, December 31, Fair Value Carrying Fair Carrying Fair Assets: Cash and cash equivalents 1 $ 7,517 $ 7,517 $ 7,253 $ 7,253 Restricted cash 1 - - 34 34 Cash and investment in severance benefit accounts 1 2,818 2,818 3,161 3,161 Liabilities: Subordinated term loan (a) 2 45,393 28,491 41,528 25,503 Subordinated debt (a) 2 11,685 8,110 11,119 7,386 Senior term loan (a) 2 59,470 56,062 40,529 36,680 Convertible debt 2 33,345 34,186 43,928 48,249 Derivative liability 3 3,645 3,645 5,353 5,353 Public Warrants 1 1 1 345 345 Warrants (b) 3 1 1 36 36 Warrants (c) 3 1,163 1,163 - - (a) As of December 31, 2023 and 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 senior term loan, subordinated term loan and subordinated debt were 43.55%, 37.97% and 51.42%, respectively, as of December 31, 2023. 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. (b) As of December 31, 2023 and 2022, 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 Private Placement Warrants were as follows as of December 31, 2023: Private Assumptions: Stock price $ 0.09 Exercise price $ 11.50 Risk free rate 4.09 % Expected volatility 84.2 % Dividend yield 0.00 % (c) As of December 31, 2023 and 2022, the fair value of warrants outstanding that are classified as equity are included in additional paid in capital in the Company’s consolidated balance sheets. The conversion option derivative and call and contingent put derivative are considered a Level 3 measurement due to the utilization of significant unobservable inputs in the valuation. The Company utilized a binomial model to estimate the fair value of the embedded derivative features requiring bifurcation associated with the Convertible Notes payable at issuance date and as of the December 31, 2023 reporting date. The key inputs to the valuation models that were utilized to estimate the fair value of the convertible debt derivative liabilities include: Schedule of assumptions December 31, Issuance Assumptions: Stock price $ 0.09 $ 9.75 Conversion strike price $ 8.00 $ 12.50 Volatility 94.00 % 25.00 % Dividend yield 0.00 % 0.00 % Risk free rate 4.79 % 0.51 % Debt discount rate 28.00 % 12.80 % Coupon interest rate 10.00 % 7.00 % Face amount (in thousands) 35,717 50,000 Contingent put inputs and assumptions: Probability of fundamental change 75.00 % 25.00 % The following table presents a roll-forward of the Level 3 instruments: Schedule of warrants (in thousands) Warrants Conversion Beginning balance, December 31, 2022 $ 36 $ 5,353 Change in fair value (35 ) (1,708 ) Ending balance, December 31, 2023 $ 1 $ 3,645

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES The Company had commitments with its main subcontract manufacturers under various purchase orders and forecast arrangements of $ 13.2 Certain officers of the Company have change in control payments that they would be entitled to receive in the event of a change in control. The Company’s operating leases consist of various office facilities. The Company uses a portfolio approach to account for such leases due to the similarities in characteristics and apply an incremental borrowing rate equal to the average interest rate of the Company’s existing debt facilities. The Company’s office leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets. The Company accounts for lease components (e.g. fixed payments including rent, real estate taxes and common area maintenance costs) as a single lease component. Some of our leases include one or more options to renew the lease term at our sole discretion. The Company has included in the calculation of the Company’s lease liability or right-of-use lease assets options to renew that are reasonably certain of exercise. The presentation of right-of-use assets and lease liabilities in the Company’s consolidated balance sheets is as follows (in thousands): Schedule of right-of-use assets and lease liabilities December 31, Leases Classification 2023 2022 Assets Operating lease assets Right-of-use lease asset, net (1) $ 2,648 $ 5,697 Total leased assets $ 2,648 $ 5,697 Liabilities Current Operating Other accrued expenses $ 2,290 $ 2,923 Noncurrent Operating Other long-term liabilities 547 3,063 Total lease liabilities $ 2,837 $ 5,986 (1) Operating right of-use lease assets are recorded net of accumulated amortization of $8.0 million and $6.4 million as of December 31, 2023 and 2022, respectively. The Company has classified the lease components as follows (in thousands): Schedule of lease components Year Ended December 31, Lease Cost Classification 2023 2022 Operating lease cost General and administrative $ 2,468 $ 2,830 Amortization of right of use assets General and administrative 2,135 2,557 Interest on lease liabilities General and administrative 262 388 Total lease cost $ 4,865 $ 5,775 Short-term lease costs amounted to $ 0.2 Future minimum lease payments for assets under non-cancellable operating lease agreements with original terms of more than one year as of December 31, 2023 are as follows (in thousands): Schedule of Future minimum lease payments 2024 $ 2,337 2025 563 2026 37 2027 23 Total lease payments 2,960 Less: Interest (123 ) Present value of lease liabilities $ 2,837 The weighted average remaining lease term at December 31, 2023 is as follows: Schedule of weighted average remaining lease term Weighted Average Remaining Lease Term (Years) December 31, Operating leases 1.36 Weighted Average Discount Rate Operating leases 7.21 The Company had bank guarantees with its landlords and customers totalling $ 0.2 0.2 In addition to the guarantees mentioned above, the Company has issued a guarantee to Tekes, the main public funding organization for research and development in Finland (See Note 16), for the repayment of loans taken out by its fully consolidated subsidiary, Airspan Finland Oy. These uncollateralized loans totalled $ 0.4 0.2 Contingencies and Legal Proceedings From time to time, the Company receives and reviews correspondence from third parties with respect to licensing their patents and other intellectual property in connection with the sale of the Company’s products. Disputes may arise with such third parties if an agreement cannot be reached regarding the licensing of such patents or intellectual property. On October 14, 2019, Barkan Wireless IP Holdings, L.P. (“Barkan”) filed a suit against Sprint Corporation and related entities (“Sprint”) in the United States District Court for the Eastern District of Texas alleging patent infringement based in part on two of the Company’s products, Airave 4 and Magic Box Gold. See Barkan Wireless IP Holdings, L.P. v. Sprint Corporation et al Airspan Networks, Inc. v. Sprint/United Management Company Sprint Communications Company, L.P et al. vs. Casa Systems, Inc. et al., No. 22CV02327 Div.7 Except as set forth above, the Company is not currently subject to any other material legal proceedings. The Company may from time to time become a party to various other legal proceedings arising in the ordinary course of its business. While the results of such claims and litigation cannot be predicted with certainty, the Company currently believes that it is not a party to any litigation the final outcome of which is likely to have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

COMMON STOCK AND WARRANTS

COMMON STOCK AND WARRANTS	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
COMMON STOCK AND WARRANTS	19. COMMON STOCK AND WARRANTS Common Stock As of December 31, 2023, 260,000,000 shares, $ 0.0001 250,000,000 10,000,000 74,638,893 Holders of our Common Stock are entitled to receive dividends when, as and if declared by the board of directors, payable either in cash, in property or in shares of capital stock. As of December 31, 2023, the Company had not declared any dividends. At December 31, 2023, the Company had reserved shares of Common Stock for future issuance as follows: Schedule of common Stock for future issuance Plans Number of Warrants 17,958,321 Options and RSUs under employee stock plans 9,310,794 Future grants 3,880,544 Convertible Notes 4,680,500 Total Common Stock reserved for future issuance 35,830,159 Common Stock Warrants As of December 31, 2023, there are 12,045,000 11,500,000 545,000 As part of NBA’s initial public offering, 11,500,000 11.50 The Company may redeem the Public Warrants when exercisable, in whole and not in part, at a price of $0.01 per warrant, so long as the Company provides not less than 30 days’ prior written notice of redemption to each warrant holder, and if, and only if, the reported last sale price of the Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date the Company sends the notice of redemption to the warrant holders. Simultaneously with the Company’s initial public offering, NBA consummated a private placement of 545,000 Post-Combination Warrants The Post-Combination Warrants expired in accordance with their terms on August 13, 2023. DISH Warrants On March 5, 2021, the Company entered into a warrant agreement with DISH Network Corporation (“DISH”) to purchase 100,000 shares of the Company’s Common Stock. Warrants vest during the 36 months following the date DISH orders certain products at the rate of one share for every $200 in gross purchase orders. As of December 31, 2023, DISH had 1,281 Fortress Warrants In connection with the May 2023 Credit Agreement Amendment relating to the Fortress Credit Agreement with Fortress, the Company issued 5,912,040 warrants to purchase shares of the Company’s common stock Warrants. The Warrants provided for under the Fortress Credit Agreement were issued to certain lenders or their designees and will be exercisable to purchase one share of the Company’s common stock at an exercise price of $0.01 per share. The Warrants have a term of 7.5 years and will become exercisable upon the earliest to occur of (i) the third anniversary of the issuance of the warrants, (ii) an “Acquisition” as defined in the Warrant, (iii) any debt financing or issuance of equity or instruments convertible into equity interests of the Company in which the Company receives in excess of $50 million in one or a series of related transactions, and (iv) any other strategic transactions, joint ventures, financings or combinations between the Company and one or more investors or third parties in which the Company or its subsidiaries receive in excess of $50 million in one or a series of related transactions. The Company recorded a $1.7 million reduction of the senior term loan and a $1.7 million increase in additional paid in capital.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
SHARE-BASED COMPENSATION	20. SHARE-BASED COMPENSATION 2021 Stock Incentive Plan Prior to the Business Combination, the Company maintained its 2009 Omnibus Equity Compensation Plan (the “2009 Plan” and together with the 2021 Plan, the “Plans”). Upon Closing of the Business Combination, awards under the 2009 Plan were converted at the exchange ratio calculated in accordance with the Business Combination Agreement and the 2021 Plan became effective. There are 6,007,718 shares of Common Stock authorized for issuance under the 2021 Plan, plus any shares of Common Stock subject to awards under the 2009 Plan that are forfeited or reacquired by the Company due to termination or cancellation. As of December 31, 2022, there were 14,822,433 Share-based compensation is recognized as an expense on a straight-line basis over the requisite service period, which is generally the vesting period. Employee stock options (“stock options”) granted under the Plans generally vest ratably over a four-year period and expire on the tenth anniversary of their issuance. Restricted stock is Common Stock that is subject to a risk of forfeiture or other restrictions that will lapse upon satisfaction of specified performance conditions and/or the passage of time. Awards of restricted stock (“RSAs”) that vest only by the passage of time will generally vest one year following the Business Combination. RSUs represent the right to receive Common Stock upon satisfaction of the passage of time. Awards of RSUs that vest only by the passage of time will generally vest ratably over three years from the date of grant; however, the awards of RSUs granted to the MIP Participants in the Business Combination vest one year following the Closing of the Business Combination. The following table summarizes the number of authorized, unissued shares of Common Stock, under the Plans, as of December 31, 2023: Schedule of common stock reserved for future issuance under employee stock plans Plans Number of Total awards available to be issued 3,880,544 Total awards outstanding 9,310,794 Total Common Stock reserved for future issuance under employee stock plans 13,191,338 The following table summarizes share-based compensation expense for the years ended December 31, 2023 and 2022 (in thousands): Schedule of summarizes share-based compensation expense December 31, 2023 2022 Research and development $ 1,376 $ 3,554 Sales and marketing 1,899 3,491 General and administrative 3,832 13,842 Cost of sales 26 243 Total share-based compensation $ 7,133 $ 21,130 Common Stock Options The value of each stock option grant is estimated on the grant date using the Black-Scholes option pricing model (“BSM”). The option pricing model requires the input of highly subjective assumptions, as detailed below: ● Grant date fair value ● Expected volatility ● Risk-free interest rates ● Expected term ● Expected dividend yield The Company used the following assumptions for the BSM to determine the fair value of the stock options granted during the years ended December 31, 2023 and 2022: Schedule of fair value of the stock options assumptions Year Ended 2023 2022 Weighted-average grant date price of our common stock (per share) $ 0.10 $ 2.21 Risk-free interest rate 4 % 4 % Expected volatility 92 % 76 % Expected term (in years) 5 5 Expected dividend yield - % - % The following table sets forth the activity for all stock options: Schedule of common stock options Number of Weighted Weighted Weighted- Outstanding, December 31, 2022 7,812,178 $ 3.70 6.56 $ 2.23 Granted 15,000 0.14 0.10 Forfeited (816,872 ) 2.78 1.61 Expired (1,017,783 ) 4.17 2.23 Outstanding, December 31, 2023 (a) 5,992,523 $ 3.74 4.03 $ 1.98 Exercisable, December 31, 2023 (b) 5,016,708 $ 3.82 3.24 $ 2.02 (a) There was no aggregate intrinsic value of all stock options outstanding as of December 31, 2023. (b) There was no aggregate intrinsic value of all vested/exercisable stock options as of December 31, 2023. As of December 31, 2023, there was $ 1.6 2.08 Restricted Stock Units As part of the consideration in the Business Combination, RSUs with respect to 1,750,000 9.75 The following table sets forth the activity for all RSUs: Schedule of restricted stock units Number of Weighted Outstanding (nonvested), December 31, 2022 4,267,746 $ 3.58 Granted 681,620 0.56 Released (443,105 ) 5.27 Forfeited (1,187,990 ) 2.73 Outstanding (nonvested), December 31, 2023 3,318,271 $ 3.04 Because the Company maintained a full valuation allowance on its U.S. deferred tax assets, it did not recognize any tax benefit related to share-based compensation expense for the years ended December 31, 2023 and 2022. As of December 31, 2023, there was $ 4.0 1.33

DEFINED CONTRIBUTION PLANS EXPE

DEFINED CONTRIBUTION PLANS EXPENSE	12 Months Ended
	Dec. 31, 2023
Defined Contribution Plans Expense
DEFINED CONTRIBUTION PLANS EXPENSE	21. DEFINED CONTRIBUTION PLANS EXPENSE The Company contributes to defined contribution plans for all eligible employees. The Company recorded expenses of approximately $ 3.3 5.2

NET LOSS PER SHARE

NET LOSS PER SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
NET LOSS PER SHARE	22. NET LOSS PER SHARE Net loss per share is computed using the weighted average number of shares of Common Stock outstanding less the number of shares subject to repurchase. The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except share data): Schedule of basic and diluted net loss per share Years Ended 2023 2022 Numerator Net loss $ (78,885 ) $ (85,382 ) Denominator – basic and diluted Weighted average common shares outstanding 74,575,810 72,782,773 Net loss per share – basic and diluted $ (1.06 ) $ (1.17 ) The following table sets forth the amounts excluded from the computation of diluted net loss per share because their effect was anti-dilutive. Schedule of anti-dilutive net loss per share December 31, 2023 2022 Stock options outstanding (a) 5,992,523 7,812,178 Non-vested RSUs and RSAs 3,318,271 4,267,746 Warrants (b) - - Convertible Notes (b) - - (a) If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these Common Stock equivalents using the treasury stock method for stock options. (b) The Convertible Notes and Warrants referred to in Notes 15 and 19, respectively, were also excluded on an as converted basis because their effect would have been anti-dilutive.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	23. INCOME TAXES The Company is subject to federal and various state income taxes in the U.S. as well as income taxes in various foreign jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations. The Company is no longer subject to U.S. federal tax examinations for years through 2019, nor to corporate tax examination for years through 2019 in the U.K. In addition, the statute of limitations for years through 2017 in Israel has expired. The income tax credit of $ 0.5 0.6 0.1 0.2 1.0 0.3 0.5 The provision for income taxes consists of the following (in thousands): Schedule of provision for income taxes Year Ended December 31, 2023 2022 Current tax provision: Federal $ - $ - State - - Foreign (496 ) (197 ) Total current (496 ) (197 ) Deferred tax provision: Federal - - State - - Total deferred - - Total income tax benefit $ (496 ) $ (197 ) The loss before tax was $ 79.4 85.6 10.4 24.0 At December 31, 2023, the Company had the following net operating loss (“NOL”) carry-forwards (gross, in thousands): Schedule of income tax benefit Country NOL Expiry Terms U.K. $ 298,723 Does not expire U.S. 53,872 Expires in up to 15 years U.S. 9,926 Does not expire Australia 5,252 Does not expire Israel 372,927 Does not expire Finland 93 Expires in up to 6 years Other 1,736 Expires in up to 4 years Significant components of the Company’s deferred tax assets are as follows (in thousands): Schedule of deferred tax assets As of 2023 2022 Net operating loss carryforwards $ 170,256 $ 180,491 Fixed assets 1,708 2,714 R&D amortization 6,255 7,928 Accruals and reserves 21,206 17,585 R&D and other credits 279 4,493 Share-based compensation 4,670 8,143 Total deferred tax assets 204,374 221,354 Intangible assets (13 ) (1,049 ) Total deferred tax liabilities (13 ) (1,049 ) Valuation allowance (204,361 ) (220,305 ) Total deferred tax assets, net $ - $ - The Company recorded a change in valuation allowance amounting to $( 15.9 40.9 The following is a reconciliation of income taxes, calculated at the effective U.S. federal income tax rate, to the income tax benefit (expense) included in the accompanying consolidated statements of operations for each of the years (in thousands): Schedule of reconciliation of income taxes Years Ended 2023 2022 Expected income tax benefit at U.S. rates $ 16,670 $ 17,971 Difference between U.S. rate and rates applicable to subsidiaries in other jurisdictions 2,281 315 Expenditures not deductible for tax purposes (13,645 ) (118 ) Non-deductible officer compensation (24 ) - Tax rate changes outside the U.S. (1 ) 17,594 Fair market value changes 8,379 1,701 Expiry of foreign taxable losses (977 ) 1,643 Other 672 744 Valuation allowance on tax benefits 15,943 (40,869 ) UK R&D tax credits 582 1,216 Deferred adjustments due to Mimosa sale (29,384 ) - Income tax benefit $ 496 $ 197 Utilization of the U.S. net operating loss and research and development credit carryforwards may be subject to a substantial annual limitation under Section 382 of the Internal Revenue Code of 1986, and similar state provisions, due to ownership change limitations that have occurred previously or that could occur in the future. These ownership changes may limit the amount of net operating loss and research and development credit carryforwards that can be utilized annually to offset future taxable income and tax, respectively. As of December 31, 2023, the Company had completed a 2023 Section 382 study to assess whether a change of ownership has occurred in connection with certain of its U.S. net operating losses and credit carryforwards. The Company has reduced its deferred taxes in the amount of $ 29.4 Since the Company’s utilization of these deferred tax assets is dependent on future profits, a valuation allowance equal to the net deferred tax assets has been provided as it is considered more likely than not that such assets will not be realized. The valuation allowance includes a reduction in deferred tax assets through tax rate reductions in non-US jurisdictions. Through December 31, 2023, the Company has historically concluded that a full valuation allowance is required to offset the net deferred tax assets.

GEOGRAPHICAL INFORMATION

GEOGRAPHICAL INFORMATION	12 Months Ended
	Dec. 31, 2023
Geographical Information
GEOGRAPHICAL INFORMATION	24. GEOGRAPHICAL INFORMATION As a developer and supplier of broadband wireless products and other technologies, the Company has one reportable segment. The revenue of this single segment is comprised primarily of revenue from products and, to a lesser extent, services. Revenues are attributed to countries based on the destination of the products and services supplied. An analysis of revenue by geographical market is given below (in thousands): Schedule of revenue by geographical market Years Ended 2023 2022 United States $ 16,718 $ 65,778 Other North America and Canada 207 7,135 Total North America 16,925 72,913 India 26,355 27,883 Japan 22,870 43,904 Other Asia 2,737 1,450 Total Asia 51,962 73,237 Europe 4,306 11,650 Africa and the Middle East 2,378 6,370 Latin America and the Caribbean 1,997 3,089 Total revenue $ 77,568 $ 167,259 An analysis of the loss before income tax and the net loss by U.S. and foreign operations is below (in thousands): Schedule of loss before income tax Years Ended 2023 2022 Income (loss) before income tax related to U.S. operations $ 12,412 $ (23,113 ) Loss before income tax related to foreign operations (91,793 ) (62,466 ) Loss before income tax $ (79,381 ) $ (85,579 ) Net income (loss) related to U.S. operations $ 12,412 $ (23,112 ) Net loss related to foreign operations (91,297 ) (62,270 ) Net loss $ (78,885 ) $ (85,382 ) The long-lived assets and total assets by geographic region are shown below (in thousands): Schedule of assets by geographic region As of 2023 2022 Property, plant and equipment, net: United States $ 35 $ 1,126 Asia 1,332 1,293 Europe 782 898 Middle East 2,351 4,022 Other 14 12 $ 4,514 $ 7,351 Right-of-use-assets, net United States $ 2,444 $ 5,137 Asia 204 560 $ 2,648 $ 5,697 Other non-current assets: United States $ - $ 107 Europe 157 137 Middle East 2,818 3,163 2,975 3,407 Total long-lived assets $ 10,137 $ 16,455 Total assets, net: United States $ 25,493 $ 81,317 Asia 4,555 5,661 Europe 4,834 9,833 Middle East 12,324 28,171 Other 66 113 $ 47,272 $ 125,095

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	25. RELATED PARTY TRANSACTIONS As disclosed in Note 13, as of December 31, 2023 and 2022, Legacy Airspan has a Subordinated Term Loan with a related party. This related party has an indirect, non-controlling beneficial interest in Fortress, which is the agent and principal lender under the Fortress Credit Agreement and the collateral agent and trustee under the Fortress Convertible Note Agreement and the Convertible Notes. This related party also has an indirect, non-controlling beneficial interest in each holder of Convertible Notes. The Company derived approximately $ 0.4 0.2 no The Company had no outstanding receivables from a related party, a stockholder and had outstanding payables amounting to $ 0.7 0.4 5.5 In addition, the Company has an outstanding accounts receivable from a separate related party, also a stockholder, amounting to $ 3.3 4.5 26.1 26.8

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	26. SUBSEQUENT EVENTS As previously disclosed in Current Reports filed by the Company on April 1, 2024, April 4, 2024 and April 12, 2024 with the Securities and Exchange Commission (the “SEC”), on March 31, 2024, the Company and certain of its affiliates and subsidiaries filed voluntary petitions for relief (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code, 11 U.S. C. §§ 101-1532 in the Bankruptcy Court. The Bankruptcy Court confirmed the Company’s Prepackaged Plan on June 28, 2024. In connection with the Chapter 11 Cases, on April 1, 2024, the staff of NYSE Regulation announced its determination to commence proceedings to delist the Company’s common stock (the “Common Stock”) from NYSE American LLC (“NYSE American”), and trading of the Common Stock was suspended immediately. On April 10, 2024, the staff of NYSE Regulation filed a Form 25-NSE with the SEC to report the delisting of the Common Stock from trading on the NYSE American. The Company intends to file a Form 15 with the SEC to suspend the Company’s public reporting obligations with the SEC under Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). On or about April 12, 2024, Gogo Business Aviation LLC (“Gogo”) notified the Company of its assertion that the Company was allegedly in default under certain contracts with Gogo (the “Existing Gogo Contracts”), which the Company disputes. Following negotiations, and without any admission or acknowledgment from Legacy Airspan as to the accuracy or validity of any purported default or event of default under the Existing Gogo Contracts, Legacy Airspan and Gogo resolved the dispute by entering into a Waiver and Omnibus Amendment to Airspan/Gogo Agreements dated as of June 27, 2024 (the “Gogo Agreement”) with respect to the Existing Gogo Contracts. Under the Gogo Agreement, Gogo agreed to waive its existing alleged claims under the Existing Gogo Contracts, conditional upon certain specified events not occurring after the Plan Effective Date. Additionally, the parties agreed to modify certain terms of the Existing Gogo Contracts, including certain reporting obligations, observation rights, and performance dates. The amendments and conditional waivers under the Gogo Agreement are not effective until the Plan Effective Date.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and cash equivalents and restricted cash	Cash and cash equivalents and restricted cash The Company considers all highly liquid investments with an original maturity, or remaining maturity when acquired, of three months or less to be cash equivalents. Cash and cash equivalents are all maintained in bank accounts. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands): Schedule of cash and cash equivalents December 31, 2023 2022 Cash and cash equivalents $ 7,517 $ 7,253 Restricted cash - 34 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,517 $ 7,287
Accounts receivable	Accounts receivable Accounts receivable represent receivables from customers in the ordinary course of business. These are recorded at the invoiced amount and do not bear interest. Receivables are recorded net of the allowance for doubtful accounts in the accompanying consolidated balance sheets. The Company evaluates the collectability of its accounts receivable based on a combination of factors, such as historical experience, credit quality, country risk, current level of business, age of the accounts receivable and current economic conditions. The Company regularly analyzes its customer accounts overdue more than 90 days, and when it becomes aware of a specific customer’s inability to meet its financial obligations, the Company records a specific allowance to reduce the related receivable to the amount it reasonably believes to be collectible. When collection efforts cease or collection is considered remote, the account and related allowance are written off.
Inventory	Inventory Inventory is stated at the lower of cost or net realizable value under the average cost method. Cost includes all costs incurred in bringing each product to its present location and condition. We record inventory write-downs to net realizable value through an allowance for obsolete and slow-moving items based on inventory turnover trends, historical and market knowledge experience.
Property, plant and equipment	Property, plant and equipment Property, plant and equipment are stated at cost, less accumulated depreciation. The costs of additions and betterments that substantially extend the useful life of an asset are capitalized and the expenditures for ordinary repairs and maintenance are expensed in the period incurred as part of general and administrative expenses in the consolidated statements of operations. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, based on prices prevailing at the date of acquisition of each asset evenly over its expected useful life, as follows: ● Plant, machinery and equipment — over 2 5 ● Furniture and fixtures — over 4 5 ● Leasehold improvements — over lesser of the minimum lease term or the useful life
Goodwill	Goodwill Goodwill was the result of a business combination that occurred in 2018 (See Note 9). The subsidiary that had Goodwill was sold on August 11, 2023 (See Note 9). Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. Goodwill is not amortized; however, it is assessed for impairment at least annually, or more frequently if triggering events occur. For purposes of the annual assessment, management initially performs a qualitative assessment, which includes consideration of the economic, industry and market conditions in addition to our overall financial performance and the performance of these assets. If our qualitative assessment does not conclude that it is more likely than not that the estimated fair value of the reporting unit is greater than the carrying value, we perform a quantitative analysis. In a quantitative test, the fair value of a reporting unit is determined based on a combination of a discounted cash flow analysis and the guideline company approach. A discounted cash flow analysis requires us to make various assumptions, including assumptions about future cash flows, growth rates and discount rates. The guideline company method develops valuation multiples by comparing the Company’s reporting units to similar publicly traded companies. Key valuation assumptions used in determining the fair value estimates of the Company’s reporting units rely on: (a) the selection of similar companies; and (b) the selection of valuation multiples as they apply to the reporting unit characteristics. The assumptions about future cash flows and growth rates are based on our long-term projections. Assumptions used in our impairment testing are consistent with our internal forecasts and operating plans. If the fair value of the reporting unit exceeds its carrying amount, there is no impairment. If not, we recognize an impairment equal to the difference between the carrying amount of the reporting unit and its fair value, not to exceed the carrying amount of goodwill. As the goodwill was disposed of prior to the planned annual assessment date, no impairment assessment was necessary for the year ended December 31, 2023.
Intangible assets, net	Intangible assets, net The Company’s intangible assets were primarily the result of business combinations and include acquired developed technology, customer relationships, trademarks and non-compete agreements. These intangible assets were sold on August 11, 2023. These are amortized utilizing a straight-line method over their estimated useful lives. When establishing useful lives, the Company considers the period and the pattern in which the economic benefits of the intangible asset are consumed or otherwise used; or, if that pattern cannot be reliably determined, using a straight-line amortization method over a period that may be shorter than the ultimate life of such intangible asset. There is no residual value associated with the Company’s finite-lived intangible assets. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described below in “Impairment of long-lived assets.”
Impairment of long-lived assets	Impairment of long-lived assets The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. This review consists of a comparison of the carrying value of the asset with the asset’s expected future undiscounted cash flows. Estimates of expected future cash flows represent management’s best estimate based on reasonable and supportable assumptions and projections. If the expected undiscounted future cash flows exceed the carrying value of the asset, no impairment is recognized. If the carrying value of the asset exceeds the expected undiscounted future cash flows, impairment exists and is determined by the excess of the carrying value over the fair value of the asset. Any impairment provisions recognized are permanent and may not be restored in the future. No
Other non-current assets	Other non-current assets Other non-current assets represent the value of funded employee severance benefit accounts and deposits issued to landlords. As of December 31, 2023, eleven employees are entitled to one month of the employee’s current salary, multiplied by the number of years of employment. The Company accrues a liability for this obligation and funds an employee severance benefit account monthly. The value of these funds is recorded in other non-current assets in the Company’s consolidated balance sheets and the liability is recorded in other long-term liabilities. The deposited funds include earnings accumulated up to the balance sheet date. The deposited funds may be withdrawn by the employee only upon the fulfilment of the obligation pursuant to labor law or agreements.
Right-of-use assets and lease liabilities	Right-of-use assets and lease liabilities The Company has both cancellable and noncancelable operating leases for office space, vehicles, and office equipment. The Company records leases in accordance with ASC 842, Leases
Convertible Notes	Convertible Notes Concurrent with the Business Combination, the Company issued convertible notes. Refer to Notes 3 and 15 for further discussion on the convertible notes. The convertible notes are accounted for as a liability under the traditional convertible debt model and measured at amortized cost under Accounting Standard Codification (“ASC”) 470-20. The Company accounts for the embedded derivatives at fair value under ASC 815, Derivatives and Hedging The Company evaluated the guidance in ASC 815 and concluded the conversion option is not considered indexed to the Company’s own stock. As a result, the redemption feature and conversion option were bifurcated from the Convertible Notes and are separately measured at fair value at each reporting period within other long-term liabilities in the consolidated balance sheets with changes in their respective fair values recognized in other expense, net within the consolidated statements of operations.
Common Stock Warrants and Post-Combination Warrants	Common Stock Warrants and Post-Combination Warrants The Company evaluated the public warrants (the “Public Warrants”) and private placement warrants (the “Private Placement Warrants” and, together with the Public Warrants, the “Common Stock Warrants”) issued in connection with NBA’s initial public offering, the Company’s warrants which are exercisable to purchase a share of the Company’s common stock (the “Common Stock”) at an exercise price of $12.50 per share (the “Post-Combination $12.50 Warrants”), the Company’s warrants which are exercisable to purchase a share of Common Stock at an exercise price of $15.00 per share (the “Post-Combination $15.00 Warrants”) and the Company’s warrants which are exercisable to purchase a share of Common Stock at an exercise price of $17.50 per share (the “Post-Combination $17.50 Warrants” and, together with the Post-Combination $12.50 Warrants and the Post-Combination $15.00 Warrants, the “Post-Combination Warrants”) under ASC 815-40, Derivatives and Hedging-Contracts in Entity’s Own Equity
Revenue recognition	Revenue recognition We derive the majority of our revenue from sales of our networking products and software licenses, with the remaining revenue generated from service fees relating to maintenance contracts, professional services and training for our products. We sell our products and services to end customers, distributors and resellers. Products and services may be sold separately or in bundled packages. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Certain of our contracts have multiple distinct performance obligations, as the promise to transfer individual goods or services is separately identifiable from other promises in the contracts and the customer can benefit from these individual goods or services either on their own or together with other resources that are readily available to the customer. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation based on its relative stand-alone selling price. The stand-alone selling prices are determined based on the prices at which we separately sell these products. For items that are not sold separately, we estimate the stand-alone selling prices using either an expected cost-plus margin or the adjusted market assessment approach depending on the nature of the specific performance obligation. For all of the Company’s product sales, revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied), which typically occurs at shipment of the product. For product sales, the Company generally does not grant return privileges, except for defective products during the warranty period. Sales taxes collected from customers are excluded from revenues. Revenue from non-recurring engineering is recognized at a point in time or over-time depending on if the customer controls the asset being created or enhanced. For new product design or software development services, the customer does not control the asset being created, the customer is not simultaneously receiving or consuming the benefits from the work performed and the work performed has alternative use to the Company. Therefore, revenue related to these projects is recognized at a point in time which is when the specified developed technology has been delivered and accepted by the customer. Revenue from professional service contracts primarily relates to other consulting arrangements performed by the Company for its customers. Revenue from professional service contracts provided on a time and materials basis are recognized when the Company has the right to invoice under the practical expedient as amounts correspond directly with the value of the services rendered to date. Revenue from product maintenance contracts is recognized over time as the Company’s performance obligations are satisfied. This is typically the contractual service period, which is generally one year. Maintenance and support services are a distinct performance obligation that includes the stand-ready obligation to provide telephone support, bug fixes and unspecified software upgrades and updates provided on a when-and-if-available basis and/or extended hardware warranty, which is considered a service type warranty. Revenue from software licenses is primarily related to the sale of perpetual licenses to customers. The software delivered to the customer has stand-alone functionality and the customer can use the intellectual property as it exists at any time. Therefore, the Company recognizes revenue when the software license is delivered to the customer. There are no further performance obligations once the software license is delivered to the customer. Payment terms to customers generally range from prepayment to 120 days from invoice, which are considered to be standard payment terms. The Company assesses its ability to collect from its customers based primarily on the creditworthiness and past payment history of the customer. The Company has elected to apply the practical expedient that allows an entity to not adjust the promised amount of consideration in customer contracts for the effect of a significant financing component when the period between the transfer of product and services and payment of the related consideration is less than one year. The estimated cost of any post-sale obligations, including basic product warranties, is accrued at the time revenue is recognized based on a number of factors, which include historical experience and known conditions that may impact future warranty costs. The Company accounts for shipping and handling activities as a fulfilment cost rather than an additional promised service. Therefore, revenue related to shipping and handling activities is included in product revenues. Shipping and handling costs are accrued and recorded as cost of revenue when the related revenue is recognized. Billings to customers for reimbursement of out-of-pocket expenses, including travel, lodging and meals, are recorded as revenue, and the associated costs incurred by the Company for those items are recorded as cost of revenue. Revenue related to the reimbursement of out-of-pocket costs are accounted for as variable consideration.
Contract Balances	Contract Balances A contract asset is recorded when revenue is recognized in advance of our right to receive consideration (i.e., we must perform additional services in order to receive consideration). Amounts are recorded as receivables when our right to consideration is unconditional. When consideration is received, or we have an unconditional right to consideration in advance of delivery of goods or services, a contract liability is recorded. The transaction price can include non-refundable upfront fees, which are allocated to the identifiable performance obligations. Contract assets are included within other current assets and contract liabilities are included in deferred revenue in our consolidated balance sheets.
Costs to Obtain or Fulfill a Contract	Costs to Obtain or Fulfill a Contract The Company capitalizes commission expenses paid to internal sales personnel and sales agent commissions that are incremental to obtaining customer contracts, for which the related revenue is recognized over a future period. These costs are incurred on initial sales of product, maintenance and professional services and maintenance and support contract renewals. The Company defers these costs and amortizes them over the period of benefit, which the Company generally considers to be the contract term or length of the longest delivery period as contract capitalization costs in the consolidated balance sheets. Commissions paid relating to contract renewals are deferred and amortized on a straight-line basis over the related renewal period as commissions paid on renewals are commensurate with commissions paid on initial sales transactions. Costs to obtain contracts and capitalized costs to fulfill contracts were not significant for the years ended December 31, 2023 and 2022. Costs to obtain a contract for development and engineering service contracts are expensed as incurred in accordance with the practical expedient as the contractual period of these contracts are generally one year or less.
Warranty liabilities	Warranty liabilities The Company provides a limited warranty for periods, usually ranging from 12 to 24 months, to all purchasers of its new products. Warranty expense is accrued on the sale of products and is recognized as a cost of revenue. The expense is estimated based on analysis of historic costs and other relevant factors.
Foreign currency	Foreign currency The U.S. dollar is the functional currency of all of the Company’s foreign subsidiaries. Foreign currency denominated monetary assets and liabilities of subsidiaries for which the U.S. dollar is the functional currency are remeasured based on exchange rates at the end of the period. Non-monetary assets and liabilities of these operations are remeasured at historical rates in effect when the asset was recognized or the liability was incurred. Revenues and expenses for foreign entities transacted in local currency are remeasured at average exchange rates in effect during each period. The resulting remeasurement gains and losses are recognized within other expense, net on the Company’s consolidated statements of operations. The Company recorded foreign currency losses of $ 0.1 3.9
Significant concentrations	Significant concentrations Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of cash and cash equivalents, restricted cash and accounts receivable. The Company places its cash and cash equivalents in highly rated financial instruments. The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The Company has not experienced any losses on such accounts. In addition, the Company maintains various bank accounts in various foreign countries, which are not insured. The Company has not incurred any losses on these uninsured foreign bank accounts, and management believes it is not exposed to any significant credit risk regarding these accounts. Cash and restricted cash balances were as follows (in thousands): Schedule of Cash and restricted cash December 31, 2023 2022 Cash in U.S. dollars in U.S. banks $ 4,819 $ 3,803 Cash in foreign banks and foreign currency 2,697 3,483 Petty cash 1 1 Total $ 7,517 $ 7,287 The Company’s accounts receivable are derived from sales of its products, and approximately 78 61 8.0 76 25.0 54 68 61 10 The Company received 85 87
Share-based compensation	Share-based compensation The Company estimates the fair value of share-based awards on the date of grant using the Black-Scholes option pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statements of operations on a straight-line basis over the requisite service periods, which is generally the vesting period. Because share-based compensation expense is based on awards that are ultimately expected to vest, share-based compensation expense has been reduced to account for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates (see Note 20). The Company uses authorized and unissued shares to meet share issuance requirements. Employee stock options generally vest ratably over a four-year period and expire on the tenth anniversary of their issuance. Restricted stock is common stock that is subject to a risk of forfeiture or other restrictions that will lapse upon satisfaction of the passage of time. Awards of restricted stock that vest only by the passage of time will generally vest ratably over four years from the date of grant.
Segment reporting	Segment reporting The Company operates as a single segment, the development and supply of broadband wireless products and technologies. This is based on the objectives of the business and how our chief operating decision maker, the Chief Executive Officer, monitors operating performance and allocates resources.
Income taxes	Income taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authorities. The Company does not have any other material uncertain tax positions. The Company recognizes accrued interest related to unrecognized tax benefits, if any, in interest expense and penalties in operating expenses. As of December 31, 2023 and 2022, the Company did no
Other taxes	Other taxes Taxes on the sale of products and services to U.S. customers are collected by the Company as an agent and recorded as a liability until remitted to the respective taxing authority. For sales in applicable countries outside the U.S., the Company is subject to those applicable taxes. These taxes have been presented on a net basis in the consolidated financial statements.
Fair value measurements	Fair value measurements We carry certain assets and liabilities at fair value. Fair value is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants on the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs based on the observability as of the measurement date, is as follows: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 Observable inputs other than the quoted prices in active markets for identical assets and liabilities; and Level 3 Unobservable inputs for which there is little or no market data, which require us to develop assumptions of what market participants would use in pricing the asset or liability. Due to the use of unobservable inputs, any changes in inputs may result in a higher or lower fair value measurement. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities being measured within the fair value hierarchy (see Note 17).
Earnings (loss) per share	Earnings (loss) per share Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for each period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares and common share equivalents outstanding for each period. Diluted earnings (loss) per share reflects the potential dilution that could occur if outstanding stock options and warrants at the presented dates are exercised and shares of restricted stock have vested, using the treasury stock method. The potential issuance of common stock upon conversion of the Convertible Notes is evaluated under the if-converted method. Potential common shares are excluded from the computation of diluted earnings per common share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss.
Advertising expense	Advertising expense Advertising is expensed as incurred. Advertising expense is included in sales and marketing in the consolidated statements of operations and amounted to $ 0.6 0.7
Recent accounting pronouncements	Recent accounting pronouncements In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In June 2016, the FASB issued ASU No. 2016-13 (amended by ASU 2019-10), “ Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, regarding the measurement of credit losses for certain financial instruments.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of cash and cash equivalents	Schedule of cash and cash equivalents December 31, 2023 2022 Cash and cash equivalents $ 7,517 $ 7,253 Restricted cash - 34 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,517 $ 7,287
Schedule of Cash and restricted cash	Schedule of Cash and restricted cash December 31, 2023 2022 Cash in U.S. dollars in U.S. banks $ 4,819 $ 3,803 Cash in foreign banks and foreign currency 2,697 3,483 Petty cash 1 1 Total $ 7,517 $ 7,287

SALE OF SUBSIDIARY (Tables)

SALE OF SUBSIDIARY (Tables)	12 Months Ended
	Dec. 31, 2023
Sale Of Subsidiary
Schedule of the gain on the sale of Mimosa	Schedule of the gain on the sale of Mimosa Aggregate purchase price, including working capital adjustment and closing cash $ 60,732 Less transaction costs (5,624 ) Less net assets less liabilities of Mimosa (26,694 ) Gain on sale of subsidiary $ 28,414

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue Recognition
Schedule of revenue	Schedule of revenue Year Ended 2023 2022 Products sales $ 60,686 $ 142,844 Non-recurring engineering (“NRE”) 2,706 4,944 Product maintenance contracts 8,376 9,418 Professional service contracts 2,401 3,975 Software licenses 3,105 5,184 Other 294 894 Total revenues $ 77,568 $ 167,259
Schedule of contracts with customers asset and liability	Schedule of contracts with customers asset and liability Contracts Contracts Balance as of December 31, 2022 $ 9,001 $ 2,892 Balance as of December 31, 2023 7,393 2,701 Change $ (1,608 ) $ (191 )
Schedule of revenues from contract liability	Schedule of revenues from contract liability Year Ended 2023 2022 Amounts included in the beginning of year contract liability balance $ 2,431 $ 2,383

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Prepaid Expenses And Other Current Assets
Schedule of prepaid expenses and other current assets consist	Schedule of prepaid expenses and other current assets consist December 31, 2023 2022 Contract assets $ 7,393 $ 9,001 Prepaid insurance 1,660 1,862 Rental and other deposits 1,394 641 R&D tax credit receivable 1,550 1,739 Prepaid royalties 783 204 Prepaid taxes 789 1,103 Prepaid maintenance 375 429 Non-trade receivables 137 770 Other prepaids 1,044 1,540 Total Prepaid expenses and other current assets $ 15,125 $ 17,289

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of inventory	Schedule of inventory December 31, 2023 2022 Purchased parts and materials $ 653 $ 1,396 Work in progress 6 287 Finished goods and consumables 3,418 16,873 Total Inventory net $ 4,077 $ 18,556

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Schedule of property, plant and equipment December 31, 2023 2022 Plant, machinery and equipment $ 12,089 $ 34,482 Furniture and fixtures 426 774 Leasehold improvements 1,120 2,712 13,635 37,968 Accumulated depreciation (9,121 ) (30,617 ) Total Property, plant and equipment, net $ 4,514 $ 7,351

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of restructuring costs recognized	Schedule of restructuring costs recognized 2023 2022 Severance costs $ 4,961 $ 1,262 Other 355 17 Total restructuring costs $ 5,316 $ 1,279
Schedule of restructuring liabilities	Schedule of restructuring liabilities 2023 2022 Beginning balance $ 231 $ - Current period charges 5,316 1,279 Payments (2,605 ) (1,048 ) Ending balance $ 2,942 $ 231

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible assets, net	Schedule of Intangible assets, net Weighted December 31, 2022 Average Gross Accumulated Net Internally developed technology 10 $ 7,810 $ (3,189 ) $ 4,621 Customer relationships 6 2,130 (1,449 ) 681 Trademarks 2 720 (720 ) - Non-compete 3 180 (180 ) - Total acquired intangible assets $ 10,840 $ (5,538 ) $ 5,302

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Other Non-current Assets
Schedule of other non current assets	Schedule of other non current assets December 31, 2023 2022 Funded employee severance benefits $ 2,818 $ 3,161 Deposits issued to landlords 157 246 Total Other non-current assets $ 2,975 $ 3,407

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of other accrued expenses	Schedule of other accrued expenses December 31, 2023 2022 Payroll and related benefits and taxes $ 5,642 $ 8,312 Fair value of embedded derivatives related to Convertible Debt 3,645 5,353 Royalties 3,266 3,610 Loan success fee related to Convertible Debt 2,858 2,858 Agent and sales commissions 115 1,224 Right-of-use lease liability, current portion 2,290 2,923 Tax liabilities 580 1,301 Product warranty liabilities 1,117 1,478 Product marketing 14 376 Manufacturing subcontractor costs 1,200 1,787 Legal and professional services 1,638 1,282 Inventory purchases 4,672 - Restructuring 2,942 231 Other 2,002 1,508 Total accrued expenses and other current liabilities $ 31,981 $ 32,243

SENIOR TERM LOAN (Tables)

SENIOR TERM LOAN (Tables)	12 Months Ended
	Dec. 31, 2023
Senior Term Loan
Schedule of Fortress Credit Agreement	Schedule of Fortress Credit Agreement Level Net EBITDA Base Rate Loan LIBOR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50% The applicable rate is LIBOR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% The applicable rate is LIBOR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% The applicable rate is LIBOR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is LIBOR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is LIBOR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% From and after the effective date of the May 2023 Fortress Credit Amendment, the relevant rate is as follows for Tranche 1: Level Net EBITDA Base Rate Loan SOFR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is Adjusted Term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50% The applicable rate is Adjusted Term SOFR plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50% The applicable rate is Adjusted term SOFR plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50% The applicable rate is Adjusted Term SOFR plus 14.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 8.50% The interest rate for delayed draw term loans is based on the level of the Company’s Net EBITDA Leverage Ratio, as defined in the Fortress Credit Agreement. The initial applicable rate for delayed draw term loans is set at Level V (see table below). After the initial applicable rate period, the relevant rate is as follows for the delayed draw term loans: Level Net EBITDA Base Rate Loan SOFR Loan Level I Less than or equal to 2.00:1.00 The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50% The applicable rate is Adjusted Term SOFR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% Level II Less than or equal to 3.00:1.00 The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50% The applicable rate is Adjusted Term SOFR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% Level III Less than or equal to 4.00:1.00 The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50% The applicable rate is Adjusted Term SOFR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% Level IV Less than or equal to 5.00:1.00 The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50% The applicable rate is Adjusted term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% Level V Greater than 5.00:1.00 The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50% The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
Convertible Debt
Schedule of convertible notes	Schedule of convertible notes August 13, Convertible Notes $ 41,887 Conversion option derivative 7,474 Call and contingent put derivative 639 Total Convertible Notes $ 50,000
Schedule of convertible debt	Schedule of convertible debt December 31, 2023 2022 Convertible Notes $ 28,508 $ 41,887 Accrued interest (a) 5,365 2,898 Subtotal 33,873 44,785 Loan discount costs (528 ) (857 ) Total Convertible Notes $ 33,345 $ 43,928 (a) The accrued interest will accrete to principal value by the end of the term, December 30, 2024.

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of long-term debt	Schedule of long-term debt December 31, 2023 2022 Finnish Funding Agency for Technology and Innovation (“Tekes”) $ 431 $ 413 Less current portion – product development loans (265 ) (259 ) Less accrued interest on product development loans – current (166 ) (154 ) Total long-term debt $ - $ -
Schedule of contractual maturities	Schedule of contractual maturities Senior Subordinated Subordinated Long-Term Convertible Total 2024 $ 61,287 $ 11,685 $ - $ 265 $ 33,873 $ 107,110 2025 - - 45,393 - - 45,393 2026 - - - - - - 2027 - - - - - - 2028 - - - - - - Thereafter - - - - - - $ 61,287 $ 11,685 $ 45,393 $ 265 $ 33,873 $ 152,503 Unamortized debt issuance costs (1,817 ) - - - (528 ) (2,345 ) Total Debt $ 59,470 $ 11,685 $ 45,393 $ 265 $ 33,345 $ 150,158

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments	Schedule of Fair Value of Financial Instruments Level in December 31, December 31, Fair Value Carrying Fair Carrying Fair Assets: Cash and cash equivalents 1 $ 7,517 $ 7,517 $ 7,253 $ 7,253 Restricted cash 1 - - 34 34 Cash and investment in severance benefit accounts 1 2,818 2,818 3,161 3,161 Liabilities: Subordinated term loan (a) 2 45,393 28,491 41,528 25,503 Subordinated debt (a) 2 11,685 8,110 11,119 7,386 Senior term loan (a) 2 59,470 56,062 40,529 36,680 Convertible debt 2 33,345 34,186 43,928 48,249 Derivative liability 3 3,645 3,645 5,353 5,353 Public Warrants 1 1 1 345 345 Warrants (b) 3 1 1 36 36 Warrants (c) 3 1,163 1,163 - - (a) As of December 31, 2023 and 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 senior term loan, subordinated term loan and subordinated debt were 43.55%, 37.97% and 51.42%, respectively, as of December 31, 2023. 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. (b) As of December 31, 2023 and 2022, 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 Private Placement Warrants were as follows as of December 31, 2023: Private Assumptions: Stock price $ 0.09 Exercise price $ 11.50 Risk free rate 4.09 % Expected volatility 84.2 % Dividend yield 0.00 % (c) As of December 31, 2023 and 2022, the fair value of warrants outstanding that are classified as equity are included in additional paid in capital in the Company’s consolidated balance sheets.
Schedule of assumptions	Schedule of assumptions December 31, Issuance Assumptions: Stock price $ 0.09 $ 9.75 Conversion strike price $ 8.00 $ 12.50 Volatility 94.00 % 25.00 % Dividend yield 0.00 % 0.00 % Risk free rate 4.79 % 0.51 % Debt discount rate 28.00 % 12.80 % Coupon interest rate 10.00 % 7.00 % Face amount (in thousands) 35,717 50,000 Contingent put inputs and assumptions: Probability of fundamental change 75.00 % 25.00 %
Schedule of warrants	Schedule of warrants (in thousands) Warrants Conversion Beginning balance, December 31, 2022 $ 36 $ 5,353 Change in fair value (35 ) (1,708 ) Ending balance, December 31, 2023 $ 1 $ 3,645

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of right-of-use assets and lease liabilities	Schedule of right-of-use assets and lease liabilities December 31, Leases Classification 2023 2022 Assets Operating lease assets Right-of-use lease asset, net (1) $ 2,648 $ 5,697 Total leased assets $ 2,648 $ 5,697 Liabilities Current Operating Other accrued expenses $ 2,290 $ 2,923 Noncurrent Operating Other long-term liabilities 547 3,063 Total lease liabilities $ 2,837 $ 5,986 (1) Operating right of-use lease assets are recorded net of accumulated amortization of $8.0 million and $6.4 million as of December 31, 2023 and 2022, respectively.
Schedule of lease components	Schedule of lease components Year Ended December 31, Lease Cost Classification 2023 2022 Operating lease cost General and administrative $ 2,468 $ 2,830 Amortization of right of use assets General and administrative 2,135 2,557 Interest on lease liabilities General and administrative 262 388 Total lease cost $ 4,865 $ 5,775
Schedule of Future minimum lease payments	Schedule of Future minimum lease payments 2024 $ 2,337 2025 563 2026 37 2027 23 Total lease payments 2,960 Less: Interest (123 ) Present value of lease liabilities $ 2,837
Schedule of weighted average remaining lease term	Schedule of weighted average remaining lease term Weighted Average Remaining Lease Term (Years) December 31, Operating leases 1.36 Weighted Average Discount Rate Operating leases 7.21

COMMON STOCK AND WARRANTS (Tabl

COMMON STOCK AND WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of common Stock for future issuance	Schedule of common Stock for future issuance Plans Number of Warrants 17,958,321 Options and RSUs under employee stock plans 9,310,794 Future grants 3,880,544 Convertible Notes 4,680,500 Total Common Stock reserved for future issuance 35,830,159

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of common stock reserved for future issuance under employee stock plans	Schedule of common stock reserved for future issuance under employee stock plans Plans Number of Total awards available to be issued 3,880,544 Total awards outstanding 9,310,794 Total Common Stock reserved for future issuance under employee stock plans 13,191,338
Schedule of summarizes share-based compensation expense	Schedule of summarizes share-based compensation expense December 31, 2023 2022 Research and development $ 1,376 $ 3,554 Sales and marketing 1,899 3,491 General and administrative 3,832 13,842 Cost of sales 26 243 Total share-based compensation $ 7,133 $ 21,130
Schedule of fair value of the stock options assumptions	Schedule of fair value of the stock options assumptions Year Ended 2023 2022 Weighted-average grant date price of our common stock (per share) $ 0.10 $ 2.21 Risk-free interest rate 4 % 4 % Expected volatility 92 % 76 % Expected term (in years) 5 5 Expected dividend yield - % - %
Schedule of common stock options	Schedule of common stock options Number of Weighted Weighted Weighted- Outstanding, December 31, 2022 7,812,178 $ 3.70 6.56 $ 2.23 Granted 15,000 0.14 0.10 Forfeited (816,872 ) 2.78 1.61 Expired (1,017,783 ) 4.17 2.23 Outstanding, December 31, 2023 (a) 5,992,523 $ 3.74 4.03 $ 1.98 Exercisable, December 31, 2023 (b) 5,016,708 $ 3.82 3.24 $ 2.02
Schedule of restricted stock units	Schedule of restricted stock units Number of Weighted Outstanding (nonvested), December 31, 2022 4,267,746 $ 3.58 Granted 681,620 0.56 Released (443,105 ) 5.27 Forfeited (1,187,990 ) 2.73 Outstanding (nonvested), December 31, 2023 3,318,271 $ 3.04

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of basic and diluted net loss per share	Schedule of basic and diluted net loss per share Years Ended 2023 2022 Numerator Net loss $ (78,885 ) $ (85,382 ) Denominator – basic and diluted Weighted average common shares outstanding 74,575,810 72,782,773 Net loss per share – basic and diluted $ (1.06 ) $ (1.17 )
Schedule of anti-dilutive net loss per share	Schedule of anti-dilutive net loss per share December 31, 2023 2022 Stock options outstanding (a) 5,992,523 7,812,178 Non-vested RSUs and RSAs 3,318,271 4,267,746 Warrants (b) - - Convertible Notes (b) - - (a) If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these Common Stock equivalents using the treasury stock method for stock options. (b) The Convertible Notes and Warrants referred to in Notes 15 and 19, respectively, were also excluded on an as converted basis because their effect would have been anti-dilutive.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	Schedule of provision for income taxes Year Ended December 31, 2023 2022 Current tax provision: Federal $ - $ - State - - Foreign (496 ) (197 ) Total current (496 ) (197 ) Deferred tax provision: Federal - - State - - Total deferred - - Total income tax benefit $ (496 ) $ (197 )
Schedule of income tax benefit	Schedule of income tax benefit Country NOL Expiry Terms U.K. $ 298,723 Does not expire U.S. 53,872 Expires in up to 15 years U.S. 9,926 Does not expire Australia 5,252 Does not expire Israel 372,927 Does not expire Finland 93 Expires in up to 6 years Other 1,736 Expires in up to 4 years
Schedule of deferred tax assets	Schedule of deferred tax assets As of 2023 2022 Net operating loss carryforwards $ 170,256 $ 180,491 Fixed assets 1,708 2,714 R&D amortization 6,255 7,928 Accruals and reserves 21,206 17,585 R&D and other credits 279 4,493 Share-based compensation 4,670 8,143 Total deferred tax assets 204,374 221,354 Intangible assets (13 ) (1,049 ) Total deferred tax liabilities (13 ) (1,049 ) Valuation allowance (204,361 ) (220,305 ) Total deferred tax assets, net $ - $ -
Schedule of reconciliation of income taxes	Schedule of reconciliation of income taxes Years Ended 2023 2022 Expected income tax benefit at U.S. rates $ 16,670 $ 17,971 Difference between U.S. rate and rates applicable to subsidiaries in other jurisdictions 2,281 315 Expenditures not deductible for tax purposes (13,645 ) (118 ) Non-deductible officer compensation (24 ) - Tax rate changes outside the U.S. (1 ) 17,594 Fair market value changes 8,379 1,701 Expiry of foreign taxable losses (977 ) 1,643 Other 672 744 Valuation allowance on tax benefits 15,943 (40,869 ) UK R&D tax credits 582 1,216 Deferred adjustments due to Mimosa sale (29,384 ) - Income tax benefit $ 496 $ 197

GEOGRAPHICAL INFORMATION (Table

GEOGRAPHICAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Geographical Information
Schedule of revenue by geographical market	Schedule of revenue by geographical market Years Ended 2023 2022 United States $ 16,718 $ 65,778 Other North America and Canada 207 7,135 Total North America 16,925 72,913 India 26,355 27,883 Japan 22,870 43,904 Other Asia 2,737 1,450 Total Asia 51,962 73,237 Europe 4,306 11,650 Africa and the Middle East 2,378 6,370 Latin America and the Caribbean 1,997 3,089 Total revenue $ 77,568 $ 167,259
Schedule of loss before income tax	Schedule of loss before income tax Years Ended 2023 2022 Income (loss) before income tax related to U.S. operations $ 12,412 $ (23,113 ) Loss before income tax related to foreign operations (91,793 ) (62,466 ) Loss before income tax $ (79,381 ) $ (85,579 ) Net income (loss) related to U.S. operations $ 12,412 $ (23,112 ) Net loss related to foreign operations (91,297 ) (62,270 ) Net loss $ (78,885 ) $ (85,382 )
Schedule of assets by geographic region	Schedule of assets by geographic region As of 2023 2022 Property, plant and equipment, net: United States $ 35 $ 1,126 Asia 1,332 1,293 Europe 782 898 Middle East 2,351 4,022 Other 14 12 $ 4,514 $ 7,351 Right-of-use-assets, net United States $ 2,444 $ 5,137 Asia 204 560 $ 2,648 $ 5,697 Other non-current assets: United States $ - $ 107 Europe 157 137 Middle East 2,818 3,163 2,975 3,407 Total long-lived assets $ 10,137 $ 16,455 Total assets, net: United States $ 25,493 $ 81,317 Asia 4,555 5,661 Europe 4,834 9,833 Middle East 12,324 28,171 Other 66 113 $ 47,272 $ 125,095

BUSINESS AND BASIS OF PRESENT_2

BUSINESS AND BASIS OF PRESENTATION (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current assets	$ 37,100
Current liabilities	194,300
Cash flow from operating activities	39,700
Line of credit	$ 20,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 7,517	$ 7,253
Restricted cash		34
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 7,517	$ 7,287

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Total	$ 7,517	$ 7,287
Cash In U S Dollars U S Banks [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total	4,819	3,803
Cash In Foreign Banks And Foreign Currency [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total	2,697	3,483
Petty Cash [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Total	$ 1	$ 1

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Impairment of long-lived assets	$ 0	$ 0
Foreign currency losses	100	3,900
Uncertain tax positions	0	0
Advertising expense	600	700
Accounts Receivable [Member] | Three Customers [Member]
Property, Plant and Equipment [Line Items]
Accounts receivable	$ 8,000	$ 25,000
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Non Us Customers [Member]
Property, Plant and Equipment [Line Items]
Concentration credit risk	78%	61%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Property, Plant and Equipment [Line Items]
Concentration credit risk	76%	54%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Property, Plant and Equipment [Line Items]
Concentration credit risk	68%	61%
Sales [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Property, Plant and Equipment [Line Items]
Concentration credit risk	10%	10%
Resale Of Goods [Member] | Customer Concentration Risk [Member] | Five Suppliers [Member]
Property, Plant and Equipment [Line Items]
Concentration credit risk	85%	87%
Property, Plant and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Property, Plant and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	4 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years

SALE OF MIMOSA (Details)

SALE OF MIMOSA (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Sale Of Subsidiary
Aggregate purchase price, including working capital adjustment and closing cash	$ 60,732
Less transaction costs	(5,624)
Less net assets less liabilities of Mimosa	(26,694)
Gain on sale of subsidiary	$ 28,414

SALE OF SUBSIDIARY (Details Nar

SALE OF SUBSIDIARY (Details Narrative) $ in Thousands	Dec. 31, 2023 USD ($)
Sale Of Subsidiary
Aggregate purchase price	$ 60,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total revenues	$ 77,568	$ 167,259
Product Sales [Member]
Total revenues	60,686	142,844
Nonrecurring Engineering [Member]
Total revenues	2,706	4,944
Product Maintenance Contracts [Member]
Total revenues	8,376	9,418
Professional Service Contracts [Member]
Total revenues	2,401	3,975
Software Licenses [Member]
Total revenues	3,105	5,184
Other [Member]
Total revenues	$ 294	$ 894

REVENUE RECOGNITION (Details 1)

REVENUE RECOGNITION (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition
Contract assets	$ 7,393	$ 9,001
Contracts liabilities	2,701	$ 2,892
Change in contract asset	(1,608)
Change in contracts liabilities	$ (191)

REVENUE RECOGNITION (Details 2)

REVENUE RECOGNITION (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition
Amounts included in the beginning of year contract liability balance	$ 2,431	$ 2,383

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 77,568	$ 167,259
Deferred revenue	2,700	2,900
Revenue performance obligations	1,800	2,800
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,500	2,400
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 1,200	$ 2,500

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Prepaid Expenses And Other Current Assets
Contract assets	$ 7,393	$ 9,001
Prepaid insurance	1,660	1,862
Rental and other deposits	1,394	641
R&D tax credit receivable	1,550	1,739
Prepaid royalties	783	204
Prepaid taxes	789	1,103
Prepaid maintenance	375	429
Non-trade receivables	137	770
Other prepaids	1,044	1,540
Total Prepaid expenses and other current assets	$ 15,125	$ 17,289

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Purchased parts and materials	$ 653	$ 1,396
Work in progress	6	287
Finished goods and consumables	3,418	16,873
Total Inventory net	$ 4,077	$ 18,556

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 13,635	$ 37,968
Accumulated depreciation	(9,121)	(30,617)
Property, plant and equipment, net	4,514	7,351
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	12,089	34,482
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	426	774
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 1,120	$ 2,712

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 3,000	$ 3,600

RESTRUCTURING ACTIVITIES (Detai

RESTRUCTURING ACTIVITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Severance costs	$ 4,961	$ 1,262
Other	355	17
Total restructuring costs	$ 5,316	$ 1,279

RESTRUCTURING ACTIVITIES (Det_2

RESTRUCTURING ACTIVITIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Balance, at beginning	$ 231
Current period charges	5,316	1,279
Payments	(2,605)	(1,048)
Balance, at ending	$ 2,942	$ 231

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 10,840
Accumulated Amortization	(5,538)
Net Carrying Amount	$ 5,302
Internally Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in years)	10 years
Gross Carrying Amount	$ 7,810
Accumulated Amortization	(3,189)
Net Carrying Amount	$ 4,621
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in years)	6 years
Gross Carrying Amount	$ 2,130
Accumulated Amortization	(1,449)
Net Carrying Amount	$ 681
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in years)	2 years
Gross Carrying Amount	$ 720
Accumulated Amortization	(720)
Net Carrying Amount
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in years)	3 years
Gross Carrying Amount	$ 180
Accumulated Amortization	(180)
Net Carrying Amount

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Godwill		$ 13,641
Amortization expense	200	$ 1,100
Mimosa [Member]
Defined Benefit Plan Disclosure [Line Items]
Godwill	$ 13,600

OTHER NON-CURRENT ASSETS (Detai

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Non-current Assets
Funded employee severance benefits	$ 2,818	$ 3,161
Deposits issued to landlords	157	246
Total Other non-current assets	$ 2,975	$ 3,407

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Payroll and related benefits and taxes	$ 5,642	$ 8,312
Fair value of embedded derivatives related to Convertible Debt	3,645	5,353
Royalties	3,266	3,610
Loan success fee related to Convertible Debt	2,858	2,858
Agent and sales commissions	115	1,224
Right-of-use lease liability, current portion	2,290	2,923
Tax liabilities	580	1,301
Product warranty liabilities	1,117	1,478
Product marketing	14	376
Manufacturing subcontractor costs	1,200	1,787
Legal and professional services	1,638	1,282
Inventory purchases	4,672
Restructuring	2,942	231
Other	2,002	1,508
Total accrued expenses and other current liabilities	$ 31,981	$ 32,243

SUBORDINATED DEBT (Details Narr

SUBORDINATED DEBT (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 28, 2017	Dec. 31, 2023	Dec. 31, 2022	Aug. 06, 2015
Defined Benefit Plan Disclosure [Line Items]
Subordinated debt		$ 11,685	$ 11,119
Accrued interest		$ 15,400	11,500
Golden Wayford Limited [Member]
Defined Benefit Plan Disclosure [Line Items]
Subordinated Convertible Note Promissory Note				$ 10,000
Principal Payment	$ 1,000
Maturity Date	Feb. 16, 2016
Interest rate		5%
Subordinated debt		$ 9,000
Accrued interest		$ 2,700	$ 2,100

SUBORDINATED TERM LOAN _ RELA_2

SUBORDINATED TERM LOAN – RELATED PARTY (Details Narrative) - USD ($) $ in Thousands	1 Months Ended
	May 23, 2019	Dec. 31, 2023	Dec. 31, 2022	Feb. 09, 2016
Offsetting Assets [Line Items]
Subordinated Debts		$ 30,000
Interest Payable, Current		$ 15,400	$ 11,500
Subordinated Loan Agreement [Member]
Offsetting Assets [Line Items]
Subordinated Term Loan				$ 15,000
Maturity date	Dec. 31, 2021

SENIOR TERM LOAN (Details)

SENIOR TERM LOAN (Details)	12 Months Ended
	Dec. 31, 2023
Level 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50%
Libor loan	The applicable rate is LIBOR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%
Level 1 [Member] | Fortress Credit Agreement [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
Level 1 [Member] | Fortress Credit Agreement 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%
Level 2 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 3.00:1.00 but greater than 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%
Libor loan	The applicable rate is LIBOR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%
Level 2 [Member] | Fortress Credit Agreement [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 3.00:1.00 but greater than 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%
Level 2 [Member] | Fortress Credit Agreement 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 3.00:1.00 but greater than 2.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%
Level 3 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 4.00:1.00but greater than 3.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%
Libor loan	The applicable rate is LIBOR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
Level 3 [Member] | Fortress Credit Agreement [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 4.00:1.00but greater than 3.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50%
Level 3 [Member] | Fortress Credit Agreement 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 4.00:1.00but greater than 3.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
Level 4 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 5.00:1.00 but greater than 4.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
Libor loan	The applicable rate is LIBOR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
Level 4 [Member] | Fortress Credit Agreement [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 5.00:1.00 but greater than 4.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 12.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 6.50%
SOFR Loan	The applicable rate is Adjusted term SOFR plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50%
Level 4 [Member] | Fortress Credit Agreement 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Less than or equal to 5.00:1.00 but greater than 4.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
SOFR Loan	The applicable rate is Adjusted term SOFR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
Level 5 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Greater than 5.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
Libor loan	The applicable rate is LIBOR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%
Level 5 [Member] | Fortress Credit Agreement [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Greater than 5.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 13.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 7.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 14.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 8.50%
Level 5 [Member] | Fortress Credit Agreement 1 [Member]
Short-Term Debt [Line Items]
Net EBITDA Leverage Ratio	Greater than 5.00:1.00
Base Rate Loan	The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
SOFR Loan	The applicable rate is Adjusted Term SOFR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%

SENIOR TERM LOAN (Details Narra

SENIOR TERM LOAN (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	May 31, 2023	May 18, 2023	Dec. 31, 2023	Dec. 31, 2022	Aug. 13, 2021
Warrant purchase share issuance		5,912,040
Loss on debt extinguishment			$ (8,281)
Share price			$ 0.09		$ 9.75
Senior term loan			$ 61,300	44,100
Accrued interest			8,900	5,000
Deferred financing fees			$ 1,800	3,600
Series H Senior Convertible Preferred Stock [Member]
Warrant purchase share issuance			55,284
Share price			$ 61.50
Convertible Note Agreement [Member]
Liquidity			$ 15,000	$ 20,000
Convertible Note Agreement [Member] | Minimum [Member]
Liquidity			2,000
Convertible Note Agreement [Member] | Maximum [Member]
Liquidity			$ 4,000
Credit Agreement Amendment [Member]
Interest rates	5.50%
Paid in interest rates	8.50%
Loss on debt extinguishment	$ 5,100
Fortress Credit Agreement [Member]
Debt Instrument, Maturity Date			Dec. 30, 2024
Interest rate description			Subsequent to December 29, 2021, the Company may prepay this loan but will incur a related fee in the amount of a make-whole amount of interest that would have been payable had such prepayment not been made.
Fortress Credit Agreement [Member] | Tranche 1 [Member]
Term loan			$ 34,000
Fortress Credit Agreement [Member] | Tranche 2 [Member]
Term loan			$ 10,000

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Convertible Debt
Convertible Notes	$ 28,508	$ 41,887	$ 41,887
Conversion option derivative			7,474
Call and contingent put derivative			639
Total Convertible Notes			$ 50,000

CONVERTIBLE DEBT (Details 1)

CONVERTIBLE DEBT (Details 1) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Convertible Debt
Convertible Notes		$ 28,508	$ 41,887	$ 41,887
Accrued interest	[1]	5,365	2,898
Subtotal		33,873	44,785
Loan discount costs		528	857
Total Convertible Notes		$ 33,345	$ 43,928
[1]The accrued interest will accrete to principal value by the end of the term, December 30, 2024.

CONVERTIBLE DEBT (Details Narra

CONVERTIBLE DEBT (Details Narrative) - USD ($) $ in Thousands	Aug. 13, 2021	Dec. 31, 2023
Debt Instrument [Line Items]
Face amount	$ 50,000	$ 35,717
Convertible Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 50,000
Interest rate	7%
Maturity date	Dec. 30, 2024

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Finnish Funding Agency for Technology and Innovation (“Tekes”)	$ 431	$ 413
Less current portion – product development loans	(265)	(259)
Less accrued interest on product development loans – current	166	154
Total long-term debt

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) $ in Thousands	Dec. 31, 2023 USD ($)
Senior Term Loan [Member]
Debt Instrument [Line Items]
2023	$ 61,287
2024
2025
2026
2027
Thereafter
Total gross	61,287
Unamortized debt issuance costs	(1,817)
Total Debt	59,470
Subordinated Debt [Member]
Debt Instrument [Line Items]
2023	11,685
2024
2025
2026
2027
Thereafter
Total gross	11,685
Unamortized debt issuance costs
Total Debt	11,685
Subordinated Term Loan [Member]
Debt Instrument [Line Items]
2023
2024	45,393
2025
2026
2027
Thereafter
Total gross	45,393
Unamortized debt issuance costs
Total Debt	45,393
Long-Term Debt [Member]
Debt Instrument [Line Items]
2023	265
2024
2025
2026
2027
Thereafter
Total gross	265
Unamortized debt issuance costs
Total Debt	265
Convertible Debt [Member]
Debt Instrument [Line Items]
2023	33,873
2024
2025
2026
2027
Thereafter
Total gross	33,873
Unamortized debt issuance costs	(528)
Total Debt	33,345
Debt [Member]
Debt Instrument [Line Items]
2023	107,110
2024	45,393
2025
2026
2027
Thereafter
Total gross	152,503
Unamortized debt issuance costs	(2,345)
Total Debt	$ 150,158

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
PPP Loan [Member]
Debt Instrument [Line Items]
Capital Loans	$ 300	$ 300

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended
		Aug. 13, 2021	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents			$ 7,517	$ 7,253
Restricted Cash				34
Cash and investment in severance benefit accounts			2,818	3,161
Subordinated term loan	[1]		45,393	41,528
Subordinated Debt	[1]		11,685	11,119
Senior term loan	[1]		59,470	40,529
Convertible debt			33,345	43,928
Derivative liability			3,645	5,353
Public Warrants			1	345
Warrants	[2]		1	36
Warrants	[3]		$ 1,163
Stock price		$ 9.75	$ 0.09
Risk free rate		0.51%	4.79%
Volatility		25%	94%
Dividend yield		0%	0%
Private Placement Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stock price			$ 0.09
Exercise price			$ 11.50
Risk free rate			4.09%
Volatility			84.20%
Dividend yield			0%
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents			$ 7,517	7,253
Restricted Cash				34
Cash and investment in severance benefit accounts			2,818	3,161
Public Warrants			1	345
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated term loan	[1]		28,491	25,503
Subordinated Debt	[1]		8,110	7,386
Senior term loan	[1]		56,062	36,680
Convertible debt			34,186	48,249
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability			3,645	5,353
Warrants	[2]		1	36
Warrants	[3]		$ 1,163
[1]As of December 31, 2023 and 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 senior term loan, subordinated term loan and subordinated debt were 43.55%, 37.97% and 51.42%, respectively, as of December 31, 2023. 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.[2]As of December 31, 2023 and 2022, 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 Private Placement Warrants were as follows as of December 31, 2023:[3]As of December 31, 2023 and 2022, the fair value of warrants outstanding that are classified as equity are included in additional paid in capital in the Company’s consolidated balance sheets.

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Aug. 13, 2021	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Stock price	$ 9.75	$ 0.09
Conversion strike price	$ 12.50	$ 8
Volatility	25%	94%
Dividend yield	0%	0%
Risk free rate	0.51%	4.79%
Debt discount rate	12.80%	28%
Coupon interest rate	7%	10%
Face amount	$ 50,000	$ 35,717
Probability of fundamental change	25%	75%

FAIR VALUE MEASUREMENTS (Deta_3

FAIR VALUE MEASUREMENTS (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Warrant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Balance at beginning	$ 36
Change in fair value	(35)
Balance at ending	1
Conversion Option Derivative [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Balance at beginning	5,353
Change in fair value	(1,708)
Balance at ending	$ 3,645

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating lease assets	[1]	$ 2,648	$ 5,697
Total leased assets		2,648	5,697
Operating		2,290	2,923
Operating		547	3,063
Total lease liabilities		$ 2,837	$ 5,986
[1]Operating right of-use lease assets are recorded net of accumulated amortization of $8.0 million and $6.4 million as of December 31, 2023 and 2022, respectively.

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 2,468	$ 2,830
Amortization of right of use assets	2,135	2,557
Interest on lease liabilities	262	388
Total lease cost	$ 4,865	$ 5,775

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Details 2) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 2,337
2025	563
2026	37
2027	23
Total lease payments	2,960
Less: Interest	(123)
Present value of lease liabilities	$ 2,837

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES (Details 3)	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Weighted average emaining ease term (years), Operating leases	1 year 4 months 9 days
Weighted average discount rate at operating leases	7.21%

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	$ 13,200
Short-term lease costs	200	$ 200
Customers liability	200	$ 200
Collateral amount	200
Uncollateralized loans	400
Accrued interest	$ 200

COMMON STOCK AND WARRANTS (Deta

COMMON STOCK AND WARRANTS (Details)	Dec. 31, 2023 shares
Equity [Abstract]
Warrants	17,958,321
Options and RSUs under employee stock plans	9,310,794
Future grants	3,880,544
Convertible Notes	4,680,500
Total Common Stock reserved for future issuance	35,830,159

COMMON STOCK AND WARRANTS (De_2

COMMON STOCK AND WARRANTS (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Aug. 13, 2021
Subsidiary, Sale of Stock [Line Items]
Common stock, Par value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	250,000,000	250,000,000
Preferred stock, shares authorized	10,000,000
Common stock, Shares issued	74,638,893	74,283,026
Common stock, Shares outstanding	74,638,893	74,283,026
Warrants outstanding	17,958,321
Share price	$ 0.09		$ 9.75
Vested	1,281
Warrants to purchase shares	the Company issued 5,912,040 warrants to purchase shares of the Company’s common stock Warrants. The Warrants provided for under the Fortress Credit Agreement were issued to certain lenders or their designees and will be exercisable to purchase one share of the Company’s common stock at an exercise price of $0.01 per share. The Warrants have a term of 7.5 years and will become exercisable upon the earliest to occur of (i) the third anniversary of the issuance of the warrants, (ii) an “Acquisition” as defined in the Warrant, (iii) any debt financing or issuance of equity or instruments convertible into equity interests of the Company in which the Company receives in excess of $50 million in one or a series of related transactions, and (iv) any other strategic transactions, joint ventures, financings or combinations between the Company and one or more investors or third parties in which the Company or its subsidiaries receive in excess of $50 million in one or a series of related transactions. The Company recorded a $1.7 million reduction of the senior term loan and a $1.7 million increase in additional paid in capital.
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants outstanding	12,045,000
Public Warrants [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants outstanding	11,500,000
Warrants sold	11,500,000
Share price	$ 11.50
Private Placement Warrants [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants outstanding	545,000
Warrants sold	545,000

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Employee Stock Plans [Member]	Dec. 31, 2023 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total awards available to be issued	3,880,544
Total awards outstanding	9,310,794
Total Common Stock reserved for future issuance under employee stock plans	13,191,338

SHARE-BASED COMPENSATION (Det_2

SHARE-BASED COMPENSATION (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total share-based compensation	$ 7,133	$ 21,130
Research and Development Expense [Member]
Total share-based compensation	1,376	3,554
Selling and Marketing Expense [Member]
Total share-based compensation	1,899	3,491
General and Administrative Expense [Member]
Total share-based compensation	3,832	13,842
Cost of Sales [Member]
Total share-based compensation	$ 26	$ 243

SHARE-BASED COMPENSATION (Det_3

SHARE-BASED COMPENSATION (Details 2) - $ / shares		12 Months Ended
	Aug. 13, 2021	Dec. 31, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Risk-free interest rate	0.51%	4.79%
Expected volatility	25%	94%
Expected dividend yield	0%	0%
Equity Option [Member]
Offsetting Assets [Line Items]
Weighted-average grant date price of our common stock (per share)		$ 0.10	$ 2.21
Risk-free interest rate		4%	4%
Expected volatility		92%	76%
Expected term (in years)		5 years	5 years
Expected dividend yield		(0.00%)	(0.00%)

SHARE-BASED COMPENSATION (Det_4

SHARE-BASED COMPENSATION (Details 3) - $ / shares		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Exercisable at end of period		1,281
Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Options Outstanding, Beginning		7,812,178
Exercise Price Outstanding, Beginning		$ 3.70
Weighted Average Remaining Contractual Life (Years)		4 years 10 days	[1]	6 years 6 months 21 days
Weighted-Average Grant Date Fair Value,Beginning		$ 2.23
Number of Shares Options Granted		15,000
Exercise Price Granted		$ 0.14
Weighted-Average Grant Date Fair Value,Granted		$ 0.10
Number of Shares Options, Forfeited		(816,872)
Exercise Price Forfeited		$ 2.78
Weighted-Average Grant Date Fair Value,Forfeited		$ 1.61
Number of Shares Options Expired		(1,017,783)
Exercise Price Expired		$ 4.17
Weighted-Average Grant Date Fair Value,Expired		$ 2.23
Number of Shares Options Outstanding, Ending		5,992,523	[1]	7,812,178
Exercise Price Outstanding, Ending		$ 3.74	[1]	$ 3.70
Weighted-Average Grant Date Fair Value,Ending		$ 1.98	[1]	$ 2.23
Number of Shares Exercisable at end of period	[2]	5,016,708
Exercise Price Options exercisable at end of period	[2]	$ 3.82
Weighted Average Remaining Contractual Life (Years) exercisable	[2]	3 years 2 months 26 days
Weighted-average grant date fair value exercisable	[2]	$ 2.02
[1]There was no aggregate intrinsic value of all stock options outstanding as of December 31, 2023.[2]There was no aggregate intrinsic value of all vested/exercisable stock options as of December 31, 2023.

SHARE-BASED COMPENSATION (Det_5

SHARE-BASED COMPENSATION (Details 4) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Options Outstanding, Beginning | shares	4,267,746
Weighted Average Grant Date Fair Value Outstanding, Beginning | $ / shares	$ 3.58
Number of Shares Options, Granted | shares	681,620
Weighted Average Grant Date Fair Value Outstanding, Granted | $ / shares	$ 0.56
Number of Shares Options, Released | shares	(443,105)
Weighted Average Grant Date Fair Value Outstanding, Released | $ / shares	$ 5.27
Number of Shares Options, Forfeited | shares	(1,187,990)
Weighted Average Grant Date Fair Value Outstanding, Forfeited | $ / shares	$ 2.73
Number of Shares Options Outstanding, Ending | shares	3,318,271
Weighted Average Grant Date Fair Value Outstanding, Ending | $ / shares	$ 3.04

SHARE-BASED COMPENSATION (Det_6

SHARE-BASED COMPENSATION (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Common Stock [Member] | Plan 2009 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common Stock reserved | shares	14,822,433
Restricted Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation expens | $	$ 1,600
Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average period	2 years 29 days
Weighted average grant date fair value | $ / shares	$ 0.10
Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock granted | shares	1,750,000
Weighted average grant date fair value | $ / shares	$ 9.75
Unrecognized compensation expense | $	$ 4,000
Weighted average period	1 year 3 months 29 days

DEFINED CONTRIBUTION PLANS EX_2

DEFINED CONTRIBUTION PLANS EXPENSE (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plans Expense
Contribution plan expense	$ 3,300	$ 5,200

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net loss	$ (78,885)	$ (85,382)
Weighted average common shares outstanding	74,575,810	72,782,773
Net loss per share – basic and diluted	$ (1.06)	$ (1.17)

NET LOSS PER SHARE (Details 1)

NET LOSS PER SHARE (Details 1) - shares		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	[1]	5,992,523	7,812,178
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares		3,318,271	4,267,746
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	[2]
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	[2]
[1]If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these Common Stock equivalents using the treasury stock method for stock options.[2]The Convertible Notes and Warrants referred to in Notes 15 and 19, respectively, were also excluded on an as converted basis because their effect would have been anti-dilutive.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current tax provision:
Federal
State
Foreign	(496)	(197)
Total current	(496)	(197)
Deferred tax provision:
Federal
State
Total deferred
Total income tax benefit	$ (496)	$ (197)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
UNITED KINGDOM
NOL Carryforwards	$ 298,723
Expiry Terms	Does not expire
UNITED STATES
NOL Carryforwards	$ 53,872
Expiry Terms	Expires in up to 15 years
U S One [Member]
NOL Carryforwards	$ 9,926
Expiry Terms	Does not expire
AUSTRALIA
NOL Carryforwards	$ 5,252
Expiry Terms	Does not expire
ISRAEL
NOL Carryforwards	$ 372,927
Expiry Terms	Does not expire
FINLAND
NOL Carryforwards	$ 93
Expiry Terms	Expires in up to 6 years
Other [Member]
NOL Carryforwards	$ 1,736
Expiry Terms	Expires in up to 4 years

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 170,256	$ 180,491
Fixed assets	1,708	2,714
R&D amortization	6,255	7,928
Accruals and reserves	21,206	17,585
R&D and other credits	279	4,493
Share-based compensation	4,670	8,143
Total deferred tax assets	204,374	221,354
Intangible assets	(13)	(1,049)
Total deferred tax liabilities	(13)	(1,049)
Valuation allowance	(204,361)	(220,305)
Total deferred tax assets, net

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Expected income tax benefit at U.S. rates	$ 16,670	$ 17,971
Difference between U.S. rate and rates applicable to subsidiaries in other jurisdictions	2,281	315
Expenditures not deductible for tax purposes	(13,645)	(118)
Non-deductible officer compensation	(24)
Tax rate changes outside the U.S.	(1)	17,594
Fair market value changes	8,379	1,701
Expiry of foreign taxable losses	(977)	1,643
Other	672	744
Valuation allowance on tax benefits	15,943	(40,869)
UK R&D tax credits	582	1,216
Deferred adjustments due to Mimosa sale	(29,384)
Income tax benefit	$ 496	$ 197

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Tax Credit Carryforward [Line Items]
Income tax credit	$ 500	$ 200
Loss before tax	79,400	85,600
Change in valuation allowance	15,900	(40,900)
Change in valuation allowance	(15,900)	40,900
Deferred adjustments due to Mimosa sale	29,400
JAPAN
Tax Credit Carryforward [Line Items]
Income tax charge	100	300
Foreign Tax Jurisdiction [Member]
Tax Credit Carryforward [Line Items]
Income tax charge		500
UNITED STATES
Tax Credit Carryforward [Line Items]
Loss before tax	10,400	24,000
Research And Development Expenditure Credit [Member]
Tax Credit Carryforward [Line Items]
Tax credits claimed	$ 600	$ 600	$ 1,000

GEOGRAPHICAL INFORMATION (Detai

GEOGRAPHICAL INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total revenue	$ 77,568	$ 167,259
UNITED STATES
Total revenue	16,718	65,778
Other North America And Canada [Member]
Total revenue	207	7,135
North America [Member]
Total revenue	16,925	72,913
INDIA
Total revenue	26,355	27,883
JAPAN
Total revenue	22,870	43,904
Other Asia [Member]
Total revenue	2,737	1,450
Asia [Member]
Total revenue	51,962	73,237
Europe [Member]
Total revenue	4,306	11,650
Africa [Member]
Total revenue	2,378	6,370
Latin America [Member]
Total revenue	$ 1,997	$ 3,089

GEOGRAPHICAL INFORMATION (Det_2

GEOGRAPHICAL INFORMATION (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loss before income tax	$ (79,381)	$ (85,579)
Net loss	(78,885)	(85,382)
UNITED STATES
Loss before income tax	12,412	(23,113)
Net loss	12,412	(23,112)
Foreign [Member]
Loss before income tax	(91,793)	(62,466)
Net loss	$ (91,297)	$ (62,270)

GEOGRAPHICAL INFORMATION (Det_3

GEOGRAPHICAL INFORMATION (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, plant and equipment, net	$ 4,514	$ 7,351
Right-of-use-assets, net	2,648	5,697
Other non-current assets	2,975	3,407
Total long-lived assets	10,137	16,455
Total assets, net	47,272	125,095
UNITED STATES
Property, plant and equipment, net	35	1,126
Right-of-use-assets, net	2,444	5,137
Other non-current assets		107
Total assets, net	25,493	81,317
Asia [Member]
Property, plant and equipment, net	1,332	1,293
Right-of-use-assets, net	204	560
Total assets, net	4,555	5,661
Europe [Member]
Property, plant and equipment, net	782	898
Other non-current assets	157	137
Total assets, net	4,834	9,833
Middle East [Member]
Property, plant and equipment, net	2,351	4,022
Other non-current assets	2,818	3,163
Total assets, net	12,324	28,171
Other [Member]
Property, plant and equipment, net	14	12
Total assets, net	$ 66	$ 113

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Stockholder [Member]
Related Party Transaction [Line Items]
Accounts receivable from related parties	$ 700	$ 400
Accounts payable to related party		5,500
Another Stockholder [Member]
Related Party Transaction [Line Items]
Revenue from related party	26,100	26,800
Accounts receivable from related parties	3,300	4,500
Legacy Airspan [Member]
Related Party Transaction [Line Items]
Revenue from related party	400	200
Accounts receivable from related parties	$ 0	$ 0