Quarterly report pursuant to Section 13 or 15(d)

DEBT FINANCING (Tables)

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DEBT FINANCING (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Long-term debt consists of the following:

Long-term debt consists of the following:

 

    June 30, 2024   December 31, 2023
Term Loan   $ 10,060     $ 11,000  
Less: current portion     (2,820 )     (2,350 )
Total long-term debt     7,240       8,650  
Less: unamortized debt discount and deferred financing costs     (1,572 )     (2,089 )
Total long-term debt, net   $ 5,668     $ 6,561  
Annual future principal payments due on the Term Loan as of March 31, 2024 are as follows (in thousands):

Annual future principal payments due on the Term Loan as of March 31, 2024 are as follows (in thousands):

 

Fiscal years ending      
Remainder of 2024   $ 1,410
2025     2,820
2026     5,830
    $ 10,060