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Debt (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Net Carrying Amount of Debt | The Short-Term Loan amount recorded in the Condensed Consolidated Balance Sheets as of June 30, 2024 consists of the following:
| June 30, 2024 |  |
Principal | $ | 16,500 |  |  |
Less: unamortized debt discount 1 | (2,836) |  |  |
Net carrying amount | $ | 13,664 |  |  |
1 Represents the portion of the net proceeds received for the Short-Term Loan and Loan Warrants that was allocated to the Loan Warrants, see Note 7 – Stockholders' Equity (Deficit) The 2025 Convertible Notes consist of the following (in thousands):
| June 30, 2024 |  | December 31, 2023 |  |
Principal | $ | 158,898 |  |  | $ | 161,898 |  |  |
Add: fair value of embedded derivative | — |  |  | $ | — |  |  |
Less: unamortized debt discount | (679) |  |  | $ | (1,106) |  |  |
Less: unamortized issuance costs | (540) |  |  | $ | (880) |  |  |
Net carrying amount | $ | 157,679 |  |  | $ | 159,912 |  |  |
Schedule of Interest Expense | The following table sets forth total interest expense recog nized related to the 2025 Convertible Notes (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Contractual interest expense | $ | 1,305 |  |  | $ | 1,315 |  |  | $ | 2,620 |  |  | $ | 2,631 |
Amortization of debt discount | $ | 205 |  |  | $ | 207 |  |  | 412 |  |  | 414 |
Amortization of debt issuance costs | $ | 163 |  |  | $ | 165 |  |  | 328 |  |  | 329 |
Total interest expense | $ | 1,673 |  |  | $ | 1,687 |  |  | $ | 3,360 |  |  | $ | 3,374 |
The following table sets forth total interest expense recognized related to the Credit Facility (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Contractual interest expense | $ | 90 |  |  | $ | 105 |  |  | $ | 312 |  |  | $ | 223 |
Amortization of debt issuance costs | — |  |  | 116 |  |  | 117 |  |  | 233 |
Total interest expense | $ | 90 |  |  | $ | 221 |  |  | $ | 429 |  |  | $ | 456 |

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