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Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Components of Third-Party Debt

The components of the Company’s third-party debt consist of the following (in thousands):

		September 30, 2024				December 31, 2023
Fortress Term Loan		$	—			$	43,100
RTW Convertible Notes			49,320				—
Total principal amount of debt			49,320				43,100
Change in fair value			(13,230	)			—
Plus: Accretion			—				148
Less: current portion of long-term debt, net of discounts			—				(38,643	)
Less: unamortized deferred financing costs and debt discounts			—				(4,605	)
Long-term debt, net of current portion and discounts		$	36,090			$	—

The components of the Company’s third-party debt consisted of the following (in thousands):

		December 31,
		2023				2022
Fortress Term Loan		$	43,100			$	—
2021 Term Loan			—				55,000
Convertible Notes			—				3,103
Total principal amounts of debt			43,100				58,103
Plus: Accretion			148				213
Less: current portion of long-term debt, net of discounts			(38,643	)			(53,360	)
Less: unamortized deferred financing costs and debt discounts			(4,605	)			(1,853	)
Long-term debt, net of current portion and discounts		$	—			$	3,103

Schedule of Future Maturities of the Term Loan Facility

Scheduled future maturities of the Fortress Term Loan for years subsequent to December 31, 2023 are as follows (in thousands):

December 31, 2024			—
December 31, 2025			—
December 31, 2026			8,979
December 31, 2027			34,121
		$	43,100

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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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