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Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Debt
The 2029 Senior Secured Notes, net consists of the following (in thousands):
March 31,
2025
December 31,
2024
Principal gross amount$40,879 $40,879 
Add: unamortized debt premium1,527 1,621 
Less: unamortized issuance costs(631)(670)
Net carrying amount$41,775 $41,830 
The 2025 Convertible Notes consist of the following (in thousands):
March 31,
2025
December 31,
2024
Principal$14,949 $14,949 
Add: fair value of embedded derivative — $— 
Less: unamortized debt discount (6)$(25)
Less: unamortized issuance costs(5)$(19)
Net carrying amount$14,938 $14,905 
Schedule of Interest Expense
The following table sets forth total interest expense, annualized effective interest rate, and interest expense related to related parties, if applicable, for each of the debt instruments detailed above (in thousands, except for percentages):
Three Months Ended
March 31,
20252024
2029 Senior Secured Notes
Contractual interest expense$920 $— 
Amortization of debt issuance costs38 — 
Amortization of debt discount/premium(93)— 
Total interest expense$865 $— 
Related party interest expense$672 $— 
2025 Convertible Notes
Contractual interest expense$121 $1,315 
Amortization of debt issuance costs15 165 
Amortization of debt discount/premium18 207 
Total interest expense$154 $1,687 
Related party interest expense$— $209 
Credit Facility
Contractual interest expense$— $222 
Accretion of exit fee— 75 
Amortization of debt issuance costs— 117 
Total interest expense$— $414 
Other interest expense$$78 
Consolidated interest expense$1,026 $2,179