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Term Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

The following table summarizes the term debt:

 

  

As of September 30, 2023

(unaudited)

   As of December 31, 2022 
    Principal Balance     Unamortized Discount and Debt Issuance Costs    Carrying Value    Principal Balance     Unamortized Discount and Debt Issuance Costs    Carrying Value 
Senior Secured Notes, effective interest rate of 11.4% as of September 30, 2023, as amended, matures December 31, 2026, subject to acceleration  $62,691   $(228)  $62,463   $62,691   $(904)  $61,787 
Senior Secured Notes, effective interest rate of 11.4% as of September 30, 2023, as amended, matures December 31, 2026, subject to acceleration  $62,691   $(228)  $62,463   $62,691   $(904)  $61,787 
Delayed Draw Term Notes, effective interest rate of 12.5% as of September 30, 2023, as amended, matures December 31, 2026, subject to acceleration   4,000    (26)   3,974    4,000    (103)   3,897 
2022 Bridge Notes, effective interest rate of 10.2% as of September 30, 2023, as amended, matures December 31, 2026, subject to acceleration   36,000    (95)   35,905    -    -    - 
Total  $102,691   $(349)  $102,342   $66,691   $(1,007)  $65,684 
Summary of Interest Expense

The following table represents interest expense:

 

   2023   2022   2023   2022 
  

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
   2023   2022   2023   2022 
Amortization of debt costs:                    
Line of credit  $54   $-   $161   $- 
2022 Bridge Notes   161    -    1,200    - 
Senior Secured Notes   228    228    676    803 
Delayed Draw Term Notes   26    52    77    412 
2023 Notes   64    -    64    - 
Total amortization of debt costs   533    280    2,178    1,215 
Noncash and accrued interest:                    
Parade   -    -    -    86 
Other accrued interest   152    -    754    - 
Total noncash and accrued interest   152    -    754    86 
Cash paid interest:                    
Line of credit   598    372    1,345    814 
2022 Bridge Notes   1,317    -    3,763    - 
Senior Secured Notes   1,602    1,602    4,754    4,754 
Delayed Draw Term Notes   102    254    303    753 
2023 Notes   44    -    44    - 
Other   32    676    422    888 
Total cash paid interest   3,695    2,904    10,631    7,209 
Less interest income (1)   (338)   -    (338)   - 
Total interest expense  $4,042   $3,184   $13,225   $8,510 

 

(1)During the three and nine months ended September 30, 2023, the Company recorded interest income of $338 related to the refunds received from the employee retention credits.