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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Convertible Promissory Note |  | $ | 50,000 |  |  | $ | 50,000 |
Less: unamortized debt discount and issuance costs |  |  | (11,725 | ) |  |  | (18,430 | )
Long-term debt, net of unamortized debt discount and issuance costs |  | $ | 38,275 |  |  | $ | 31,570 |
During the three months ended September 30, 2024, and 2023, the Company recorded amortization of $2.2 million and $2.2 million, respectively, to interest expense pertaining to debt discount and issuance costs. During the nine months ended September 30, 2024, and 2023, the Company recorded amortization of $6.7 million and $3.2 million, respectively, to interest expense pertaining to debt discount and issuance costs. The amortization associated with the Convertible Promissory Note primarily consists of the debt discount that was recorded as a result of the bifurcation of the conversion option at the time of the Business Combination. See below in this note for further information on the conversion option bifurcation for the Convertible Promissory Note, as defined below.
Schedule of Future Aggregate Principal Maturities of Long-Term Debt | Future aggregate principal maturities of long-term debt are as follows as of September 30, 2024 (in thousands):
Remainder of 2024 |  | $ | — |
2025 |  |  | — |
2026 |  |  | 50,000 |
2027 |  |  | — |
2028 |  |  | — |
Thereafter |  |  | — |
|  | $ | 50,000 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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