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Long-term Debt and Other Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt consists of the following (in thousands):
| December 31, 2023 |  | December 31, 2022
| Principal Amount |  | Unamortized Discount and Deferred Financing Costs |  | Carrying Value |  | Principal Amount |  | Unamortized Discount and Deferred Financing Costs |  | Carrying Value
2023 Funding Agreement | $ | 117,253 |  |  | $ | 15,433 |  |  | $ | 101,820 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
2021 Funding Agreement | 75,450 |  |  | 6,888 |  |  | 68,562 |  |  | — |  |  | — |  |  | — |
2023 13% Notes | 205,958 |  |  | 16,040 |  |  | 189,918 |  |  | — |  |  | — |  |  | — |
2019 Facility Agreement | — |  |  | — |  |  | — |  |  | 143,213 |  |  | 11,098 |  |  | 132,115 |
Vendor financing | — |  |  | — |  |  | — |  |  | 59,575 |  |  | — |  |  | 59,575 |
Total debt and vendor financing | 398,661 |  |  | 38,361 |  |  | 360,300 |  |  | 202,788 |  |  | 11,098 |  |  | 191,690 |
Less: current portion | 34,600 |  |  | — |  |  | 34,600 |  |  | 59,575 |  |  | — |  |  | 59,575 |
Long-term debt and vendor financing | $ | 364,061 |  |  | $ | 38,361 |  |  | $ | 325,700 |  |  | $ | 143,213 |  |  | $ | 11,098 |  |  | $ | 132,115 |
The table below outlines the components of the draws made under the 2023 Funding Agreement at funding (amounts in thousands):
| April 2023 |  | November 2023
Principal | $ | 87,730 |  |  | $ | 29,523 |
Debt Discount - Thermo Guarantee | (6,897) |  |  | (1,967) |
Debt Discount - Customer Relationship | (4,509) |  |  | (3,290) |
Debt (Discount) Premium - Embedded Derivative | (341) |  |  | 49 |
Fair Value at Issuance | $ | 75,983 |  |  | $ | 24,315 |
The table below outlines the components of the 2021 Funding Agreement upon amendment (amounts in thousands):
Principal | $ | 94,200 |
Less: Amount Repaid Prior to Amendment | (6,250) |
Debt Discount - Customer Relationship | (11,626) |
Fair Value at Issuance | $ | 76,324 |
Schedule of short-term debt | Reflected in the table below is a rollforward of the Company's obligations under its vendor financing arrangement with MDA (amounts in thousands):
|  | 2023 |  | 2022
Confirmed obligations outstanding, January 1, 2023 and 2022, respectively |  | $ | 59,575 |  |  | $ | — |
Invoices confirmed during the periods |  | — |  |  | 73,575 |
Confirmed invoices paid during the periods |  | (59,575) |  |  | (14,000) |
Confirmed obligations outstanding, December 31, 2023 and 2022, respectively |  | $ | — |  |  | $ | 59,575 |
Schedule of maturities of long-term debt | Annual debt maturities for each of the five years following December 31, 2023 and thereafter are as follows (in thousands):
2024 | $ | 34,600 |
2025 | 44,023 |
2026 | 41,222 |
2027 | 34,972 |
2028 | 34,972 |
Thereafter | 208,872 |
Total | $ | 398,661 |

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