v3.25.2
Loan and Security Agreement (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt and Unamortized Debt Discount Balances

Long-term debt and unamortized debt discount balances are as follows:

 

 

June 30,
2025

 

 

December 31,
2024

 

Total outstanding debt, long-term

 

$

120,000

 

 

$

180,000

 

Add: accreted final payment fee

 

 

 

 

 

4,085

 

Less: unamortized debt discount, long-term

 

 

(2,460

)

 

 

(3,375

)

Loan payable, long-term

 

$

117,540

 

 

$

180,710

 

Schedule of Interest Expense and Amortization of Final Payment Fee, and Amortization of Debt Discount Related to Issuance Costs and Warrants

Interest expense, amortization of the final payment fee, and amortization of the debt discount related to the issuance costs and warrants for the Company’s debt are as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest expense

 

$

3,639

 

 

$

4,869

 

 

$

8,117

 

 

$

9,738

 

Amortization of final payment fee

 

 

134

 

 

 

360

 

 

 

527

 

 

 

709

 

Amortization of debt discount related issuance costs and warrants

 

 

183

 

 

 

281

 

 

 

457

 

 

 

551

 

Schedule of Principal Payments

Scheduled principal payments on outstanding debt, long-term, as of June 30, 2025, are as follows:

2025

 

$

 

2026

 

 

 

2027

 

 

 

2028

 

 

 

2029

 

 

 

Thereafter

 

 

120,000

 

Total principal payments outstanding

 

$

120,000