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Accrued Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2024
Accrued Liabilities, Current [Abstract] |
Summary of Accrued Liabilities | Accrued liabilities were comprised of the following (in thousands):
|  | As of September 30, 2024 |  |  | As of December 31, 2023 |
Payroll-related |  | $ | 2,712 |  |  | $ | 3,826 |
Property, plant, and equipment |  |  | 90 |  |  |  | — |
Deferred revenue |  |  | 34 |  |  |  | 16 |
Insurance premiums and accrued interest |  |  | 222 |  |  |  | 409 |
Loss contingency accrual |  |  | 373 |  |  |  | 300 |
Other |  |  | 942 |  |  |  | 1,028 |
Total current accrued liabilities |  | $ | 4,373 |  |  | $ | 5,579 |
On July 8, 2024, the Company entered into a financing agreement with First Insurance Funding for the financing of the Company’s D&O liability insurance and related policies. Under the terms of the financing agreement, the Company will pay a total of $0.6 million in premiums, taxes and fees, plus interest at an annual percentage rate of 8.49% in seven monthly separate installment payments commencing on July 25, 2024. During the three months ended September 30, 2024, the Company made a down payment on the policy of $0.2 million to the insurer and three monthly installments for an aggregate of $0.2 million to First Insurance Funding. As of September 30, 2024, the Company owed $0.2 million for insurance premiums and accrued interest.

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