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Debt (Tables)
 12 Months Ended
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 rateDecember 31, 2024December 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 Loans2.21 486 598 
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 RateBase 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:

20252026202720282029ThereafterTotal
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, 2024December 31, 2023
Interest expense on debt$13,484 $10,702