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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:

 

   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:

 

   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.