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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Fair Value Measurement Inputs and Valuation Techniques | The following table summarizes the significant unobservable inputs used in the initial fair value measurement of the Royalty Right Agreements:
| Valuation Methodology |  | Significant Unobservable Input |  | Weighted Average (range, if applicable)
|  |  | Discount Rate |  | 15%
Royalty Right Agreements | Probability weighted income approach |  | Probability of Success |  | 75%
|  |  | Projected Years of Payments |  | 2025 | - | 2033
Schedule of Long-Term Debt Instruments | Long-term notes and unamortized debt discount balances are as follows:
| September 30, |  | December 31,
| 2024 |  | 2023
Total outstanding notes | $ | 45,000 |  |  | $ | 45,000 |
Unamortized discount, including Exit Fee | (13,900) |  |  | (17,665) |
Notes payable, long-term | 31,100 |  |  | 27,335 |
Finance lease, long-term | 153 |  |  | 173 |
Notes payable, net | $ | 31,253 |  |  | $ | 27,508 |
| September 30, |  | December 31,
| 2024 |  | 2023
Royalty obligations | $ | 56,926 |  |  | $ | 56,926 |
Unamortized discount | (38,091) |  |  | (42,165) |
Royalty obligations, net | $ | 18,835 |  |  | $ | 14,761 |
Debt Maturity | Scheduled principal payments on the 13.5% Notes as of September 30, 2024 are as follows:
Remainder of 2024 | $ | — |
2025 | — |
2026 | 9,540 |
2027 | 14,535 |
2028 | 20,925 |
Total | $ | 45,000 |

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