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Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Long-Term Debt |
Schedule of long-term debt | The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of March 31, 2024 (in thousands):
​ | ​ | ​ | ​
​ |  | March 31, 2024
Gross principal | ​ | $ | 130,000
Principal repayments | ​ | ​ | (3,616)
Unaccreted debt discount and debt issuance costs | ​ | ​ | (5,712)
Total carrying value net of principal repayments, unaccreted debt discount and debt issuance costs | ​ | ​ | 120,672
Less: current portion of long-term debt | ​ | ​ | (6,144)
Long-term debt | ​ | $ | 114,528
Schedule of projected future principal payments of initial term loan | Aggregate projected future principal payments of the initial term loan as of March 31, 2024, are as follows (in thousands):
​ | ​ | ​ | ​
Year Ending December 31, | ​ | Payments
2024 (excluding the three months ended March 31, 2024) |  | $ | 3,588
2025 |  | ​ | 10,246
2026 |  | ​ | 15,404
2027 | ​ | ​ | 19,609
2028 | ​ | ​ | 23,585
Thereafter |  | ​ | 53,952
Total payments | ​ | $ | 126,384
Schedule of interest expense | Interest expense in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2024 relates to the initial term loan (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2024 |  | 2023
Accrued interest expense | ​ | $ | 3,245 | ​ | $ | —
Accretion of debt discount and debt issuance costs | ​ |  | 306 | ​ |  | —
Total interest expense | ​ | $ | 3,551 | ​ | $ | —
​

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