Quarterly report pursuant to Section 13 or 15(d)

DEBT FINANCING (Tables)

v3.24.3
DEBT FINANCING (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Long-term debt consists of the following:

Long-term debt consists of the following:

 

    September 30, 2024     December 31, 2023  
Term Loan   $ 9,355     $ 11,000  
Less: current portion     (2,820 )     (2,350 )
Total long-term debt     6,535       8,650  
Less: unamortized debt discount and deferred financing costs     (1,363 )     (2,089 )
Total long-term debt, net   $ 5,172     $ 6,561  
Annual future principal payments due on the Term Loan as of September 30, 2024 are as follows (in thousands):

Annual future principal payments due on the Term Loan as of September 30, 2024 are as follows (in thousands):

 

Fiscal years ending        
Remainder of 2024     $ 705  
2025       2,820  
2026       5,830  
      $ 9,355