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Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long Term Debt | The following table summarizes the Term Debt: Schedule of Long Term Debt
|  | As of December 31, 2024 |  |  | As of December 31, 2023 |
|  | 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 10.1% as of December 31, 2024, as amended |  | $ | 62,691 |  |  | $ | (181 | ) |  | $ | 62,510 |  |  | $ | 62,691 |  |  | $ | (272 | ) |  | $ | 62,419 |
Delayed Draw Term Notes, effective interest rate of 10.2% as of December 31, 2024, as amended |  |  | 4,000 |  |  |  | (21 | ) |  |  | 3,979 |  |  |  | 4,000 |  |  |  | (31 | ) |  |  | 3,969 |
2022 Bridge Notes, effective interest rate of 10.2% as of December 31, 2024, as amended |  |  | 36,000 |  |  |  | (53 | ) |  |  | 35,947 |  |  |  | 36,000 |  |  |  | (79 | ) |  |  | 35,921 |
2023 Notes, effective interest rate of 14.2% as of December 31, 2024, as amended |  |  | 8,000 |  |  |  | - |  |  |  | 8,000 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 110,691 |  |  | $ | (255 | ) |  | $ | 110,436 |  |  | $ | 102,691 |  |  | $ | (382 | ) |  | $ | 102,309 |
Summary of Interest Expense | The following table represents interest expense: Summary of Interest Expense
|  | 2024 |  |  | 2023 |
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Amortization of debt costs: |  |  |  |  |  |
Line of credit |  | $ | 418 |  |  | $ | 214 |
Senior Secured Notes |  |  | 91 |  |  |  | 632 |
Delayed Draw Term Notes |  |  | 10 |  |  |  | 72 |
2022 Bridge Notes |  |  | 26 |  |  |  | 1,216 |
2023 Notes |  |  | 113 |  |  |  | 244 |
Total amortization of debt costs |  |  | 658 |  |  |  | 2,378 |
Noncash and accrued interest: |  |  |  |  |  |  |  |
Senior Secured Notes |  |  | - |  |  |  | 1,602 |
Delayed Draw Term Notes |  |  | - |  |  |  | 102 |
2022 Bridge Notes |  |  | - |  |  |  | 920 |
2023 Notes |  |  | - |  |  |  | 173 |
Line of credit termination fee |  |  | - |  |  |  | 900 |
Other accrued interest |  |  | - |  |  |  | 127 |
Total noncash and accrued interest |  |  | - |  |  |  | 3,824 |
Cash paid interest: |  |  |  |  |  |  |  |
Line of credit |  |  | 1,706 |  |  |  | 2,023 |
Simplify Loan |  |  | 585 |  |  |  | - |
Senior Secured Notes |  |  | 6,373 |  |  |  | 4,754 |
Delayed Draw Term Notes |  |  | 406 |  |  |  | 303 |
2022 Bridge Notes |  |  | 3,660 |  |  |  | 3,763 |
2023 Notes |  |  | 812 |  |  |  | 44 |
Other |  |  | 471 |  |  |  | 1,214 |
Total cash paid interest (1) |  |  | 14,013 |  |  |  | 12,101 |
Less interest income (2) |  |  | (3 | ) |  |  | (338 | )
Total interest expense |  | $ | 14,668 |  |  | $ | 17,965 |
(1) |  | During the year ended of December 31, 2024, the Company paid cash interest of $3,824 that was accrued at December 31, 2023.
(2) |  | During the year ended December 31, 2023, the Company recorded interest income of $338 related to the refunds received from the employee retention credits.

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