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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The table below presents details of the Company’s debt as of the following periods and the effective interest rate as of December 31, 2024:
| Effective interest rate |  | December 31, 2024 |  | December 31, 2023
Adams Street Term Loan | 11.46 | % |  | $ | 30,212 |  |  | $ | 30,522 |
Adams Street Delayed Draw Term Loan | 11.46 |  |  | 14,619 |  |  | 14,769 |
Adams Street Incremental Term Loan | 11.29 |  |  | 31,268 |  |  | 31,588 |
Adams Street Revolving Credit Facility | 13.53 |  |  | 50,000 |  |  | 12,000 |
D&O Financing Loans | 2.21 |  |  | 486 |  |  | 598 |
Total debt |  |  | 126,585 |  |  | 89,477 |
Less: unamortized discounts and issuance costs |  |  | 855 |  |  | 1,257 |
Total debt, net |  |  | 125,730 |  |  | 88,220 |
Less: Short-term debt, including current portion of long-term debt |  |  | 1,266 |  |  | 1,378 |
Total long-term debt, net |  |  | $ | 124,464 |  |  | $ | 86,842 |
As of December 31, 2024, the outstanding principal on the Adams Street Credit Agreement incurs cash interest in accordance with the prime rate plus the applicable rates as set forth in the table below:
| Eurocurrency Rate |  | Base Rate
Term loans | 6.00 | % |  | 5.00 | %
Revolving credit facility: |  |  |
Aggregate principal of $5.0 million or less | 6.00 |  |  | 5.00 |
Aggregate principal in excess of $5.0 million | 7.50 |  |  | 6.50 |
Schedule of Maturities of Long-Term Debt | The maturities of the Company’s long-term debt outstanding as of December 31, 2024 are as follows:
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total
Adams Street Term Loan | $ | 310 |  |  | $ | 29,902 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 30,212 |
Adams Street Delayed Draw Term Loan | 150 |  |  | 14,469 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,619 |
Adams Street Incremental Term Loan | 320 |  |  | 30,948 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31,268 |
Adams Street Revolving Credit Facility | — |  |  | 50,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50,000 |
D&O Financing Loan | 486 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 486 |
Total long-term debt maturities | $ | 1,266 |  |  | $ | 125,319 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 126,585 |
Interest Income and Interest Expense Disclosure | The table below presents the interest expense on debt, including the amortization of discounts and issuance costs for the following periods:
|  |  | Year Ended |  |  |
|  |  |  |  | December 31, 2024 |  | December 31, 2023 |  |  |
Interest expense on debt |  |  |  |  | $ | 13,484 |  |  | $ | 10,702 |  |  |  |

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