Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.1.1.u2
Debt (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Summary of Principal Outstanding and Unamortized Discount

The following table presents the details of the principal outstanding and unamortized discount (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

SWK Loan

 

$

14,395

 

 

$

14,560

 

EIDL Loan

 

 

150

 

 

 

150

 

Discount and debt issuance costs on SWK Loan

 

 

(538

)

 

 

(663

)

Total

 

 

14,007

 

 

 

14,047

 

Current term loans

 

 

2,800

 

 

 

2,265

 

Non current term loans, net of discount

 

$

11,207

 

 

$

11,782

 

 

Summary of Future Minimum Principal and Interest Payments

The future minimum principal and interest payments as of March 31, 2024 are as follows (in thousands):

 

 

 

Principal

 

 

Interest (1)

 

Remainder of 2024

 

$

2,100

 

 

$

1,373

 

2025

 

 

12,295

 

 

 

842

 

2026

 

 

 

 

 

9

 

2027

 

 

3

 

 

 

6

 

2028 and thereafter

 

 

147

 

 

 

83

 

Total future payments

 

$

14,545

 

 

$

2,313

 

 

 

 

 

 

 

 

(1) Estimated using London Interbank Bank Offered Rate (“LIBOR”) as of March 31, 2024