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Debt (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024 (in thousands):
December 31, 2024
Face value of debt$30,000 
Add: payment in-kind interest483 
Add: amortized exit fee125 
Less: unamortized debt discount(1,151)
Less: unamortized debt issuance costs(552)
Total long-term debt$28,905 
Schedule of Maturities of Long-Term Debt
The future principal payments under the Innovatus Loan are as follows (in thousands):
Years Ending December 31,
2025$— 
2026— 
202713,264 
202815,917 
20292,653 
Total principal payments31,834 
Add: amortized exit fee125 
Less: uncapitalized payment in-kind interest(1,351)
Less: unamortized debt issuance fee(1,151)
Less: unamortized debt issuance costs(552)
Total long-term debt$28,905