Annual report pursuant to Section 13 and 15(d)

Loan and Security Agreement (Tables)

v3.24.1
Loan and Security Agreement (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Long-term Debt and Net Premium (Amortization) Balances

Long-term debt and net premium balances are as follows:

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Principal amount of debt outstanding

 

$

3,125

 

 

$

15,625

 

Net premium associated with accretion of final payment and
   other debt issuance costs

 

 

936

 

 

 

646

 

Debt, current and non-current

 

 

4,061

 

 

 

16,271

 

Less: Debt, current portion

 

 

(4,061

)

 

 

(12,500

)

Debt, non-current portion

 

$

-

 

 

$

3,771

 

Future Minimum Payments of Loan and Security Agreement

Future minimum payments of principal and estimated payments of interest on the Company’s Loan and Security Agreement as of December 31, 2023 are as follows:

Year Ending December 31:

 

 

 

Amount

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

Total future maturities - 2024

 

 

 

$

4,126

 

Less: amount representing interest

 

 

 

 

(43

)

Less: final payment

 

 

 

 

(958

)

Total principal amount of debt outstanding

 

 

 

$

3,125