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Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The Company accounts for the amortization of the debt discount and issuance costs utilizing the effective interest method. Long-term debt consisted of the following at June 30, 2024 (in thousands):

						June 30, 2024
Face value of debt						$	30,000
Add: payment in-kind interest						180
Add: amortized exit fee						52
Less: unamortized debt discount						(1,261)
Less: unamortized debt issuance costs						(605)
Total long-term debt						$	28,365

Schedule of Maturities of Long-Term Debt

The future principal payments under the Innovatus Loan are as follows (in thousands):

Years Ending December 31,
2024						$	—
2025						—
2026						—
2027						13,264
2028						15,917
2029						2,653
Total principal payments						31,834
Add: amortized exit fee						52
Less: uncapitalized payment in-kind interest						(1,655)
Less: unamortized debt issuance fee						(1,261)
Less: unamortized debt issuance costs						(605)
Total long-term debt						$	28,365

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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