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Development Liability (Tables)

12 Months Ended

Dec. 31, 2023

Research and Development [Abstract]

Summary of Development Liability

The following table summarizes the development liability (in thousands):

		December 31,
		2023				2022				Effective  Interest Rate
Development liability		$	366,000			$	421,500				7.91	%
Less: Unamortized discount to development liability			(50,353	)			(76,349	)
Less: Current portion of development liability, net of discount			(75,830	)			(29,504	)
Total long term development liability			239,817				315,647

Schedule of Future Minimum SFJ Payments

Future minimum SFJ payments as of December 31, 2023 is as follows (in thousands):

2024			$		98,750
2025					103,000
2026					109,000
2027					55,250
Total future minimum payments					366,000

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Summary of development derivative liability.

+ References

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Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (S-X 210.12-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

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