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Notes Payable | 3 Months Ended
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Mar. 31, 2024
Notes Payable |
Notes Payable | Note 9. Notes Payable The Company purchased director and officer liability insurance coverage on October 16, 2023 for $447 thousand. A down payment of $157 thousand was made and the remaining balance of $291 thousand was financed over 8 months through a short-term financing arrangement with its insurance carrier. The interest rate on the loan is 8.990%. Interest expense on this loan was $3 thousand and $0 for the three months ended March 31, 2024 and 2023, respectively. The loan balance was $74 thousand and $184 thousand as of March 31, 2024 and December 31, 2023, respectively.

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