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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Outstanding Balance of Convertible Notes

The outstanding balance of the Convertible Notes as of December 31, 2023 and 2022 consisted of the following (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

Liability

 

 

 

 

 

 

Principal

 

 

93,897

 

 

 

93,897

 

Less: debt discount and issuance costs, net

 

 

(864

)

 

 

(1,161

)

Net carrying amount

 

 

93,033

 

 

 

92,736

 

Schedule of Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the twelve months ended December 31, 2023, 2022 and 2021 (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Amortization of debt issuance costs

 

 

297

 

 

 

459

 

 

 

964

 

Contractual interest expense

 

 

3,286

 

 

 

5,248

 

 

 

11,086

 

  Total interest expense

 

$

3,583

 

 

$

5,707

 

 

$

12,050

 

Schedule of Future Minimum Payments on Convertible Notes Payable

Future minimum payments on Convertible Notes payable as of December 31, 2023 is as follows (in thousands):

 

2024

 

 

$

 

3,286

 

2025

 

 

 

 

3,286

 

2026

 

 

 

 

96,225

 

Total future minimum payments

 

 

 

 

102,797

 

Less: interest

 

 

 

 

(8,900

)

Less: debt discount and issuance costs, net

 

 

 

 

(864

)

Less: current portion

 

 

 

 

 

  Convertible senior notes

 

 

 

 

93,033