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Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Long Term Debt

Long-term debt consisted of the following:

(in thousands)			March 31, 2024						December 31, 2023
Principal amount of long-term debt			$	55,000					$	55,000
Debt discount, net of accretion			(825)						(917)
Cumulative accretion of end of term payments			649						487
Long-term debt			$	54,824					$	54,570

Interest Income and Interest Expense Disclosure

The Company recognized interest expense under the Hercules Loan Agreement as follows:

(in thousands)			Three Months Ended March 31,
			2024						2023
Total interest expense			$	1,874					$	884
Non-cash interest expense			$	254					$	225

Schedule of Future Principal Payments and the Final Payments Due

As of March 31, 2024, future principal and accrued end-of-term payments due under the Hercules Loan Agreement were as follows (in thousands):

Year Ending December 31,			Total
2024			$	—
2025			24,720
2026			30,929
Long-term debt			$	55,649

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- References

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- Definition

Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities.

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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.

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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

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