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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | At December 31, 2024 and 2023, long-term debt consisted of the following (in thousands):
| December 31,
| 2024 |  | 2023
2021 Credit Facility (1) | $ | 37,362 |  |  | $ | 28,594 |
Credit Agreement | 3,700 |  |  | 3,000 |
Economic Injury Disaster Loan | 150 |  |  | 150 |
Total long-term debt | 41,212 |  |  | 31,744 |
Less: deferred financing cost (1) | (4,238) |  |  | (1,688) |
Less: debt discount (2) | (1,671) |  |  | — |
Total long-term debt, net of deferred financing cost and debt discount | 35,303 |  |  | 30,056 |
Less: current portion | (3,700) |  |  | (1,478) |
Total long-term debt, net of current portion, deferred financing cost and debt discount | $ | 31,603 |  |  | $ | 28,578 |
(1) As of December 31, 2024, amount includes an exit fee of $3.0 million, which is non-interest bearing and due at maturity or prepayment. (2) As of December 31, 2024, amount includes $1.7 million for the interest reserve, pursuant to the LS Amendment, as defined below, net of amounts amortized for interest.
Schedule of Components of Interest Expense and Related Fees for Long-Term Debt | The components of interest expense and related fees for long-term debt is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023
Interest expense – 2021 Credit Facility | $ | 3,617 |  | $ | 3,655
Interest expense – Credit Agreement | 693 |  | 102
Interest expense – other | 8 |  | 6
Amortization of deferred financing cost and debt discount | 1,092 |  | 615
Total interest expense and amortization of deferred financing cost and debt discount | $ | 5,410 |  | $ | 4,378
Schedule of Future Minimum Payments Related to Long-Term Debt | As of December 31, 2024, future minimum payments related to long-term debt are as follows (in thousands):
2025 | $ | 3,700 |
2026 | 37,366 |
2027 | 3 |
2028 | 3 |
2029 | 4 |
Thereafter | 136 |
Total | 41,212 |
Less current portion | (3,700) |
Less deferred financing cost | (4,238) |
Less debt discount | (1,671) |
Long-term debt, net of current portion, deferred financing cost and debt discount | $ | 31,603 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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