XML 94 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Long-Term Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Debt Disclosure [Abstract] |
Summary of Long Term Debt | Long-term debt consisted of the following:
(in thousands) | June 30, 2024 |  | December 31, 2023
Principal amount of long-term debt | $ | 75,000 |  |  | $ | 55,000 |
Debt discount, net of accretion | (759) |  |  | (917) |
Cumulative accretion of end of term payments | 789 |  |  | 487 |
Long-term debt | $ | 75,030 |  |  | $ | 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 June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Total interest expense | $ | 2,176 |  |  | $ | 1,148 |  |  | $ | 4,049 |  |  | $ | 2,257 |  |  |  |  |
Non-cash interest expense | $ | 207 |  |  | $ | 219 |  |  | $ | 461 |  |  | $ | 444 |  |  |  |  |
Schedule of Future Principal Payments and the Final Payments Due | As of June 30, 2024, future principal and accrued end-of-term payments of $75.8 million under the Hercules Loan Agreement are due on July 1, 2027.
(in thousands), |  |
Year Ending December 31, |  | Total
2024 |  | $ | — |
2025 |  | — |
2026 |  | — |
2027 |  | 75,789 |
Long-term debt |  | $ | 75,789 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration