Long-Term Debt

9 Months Ended

Sep. 30, 2023

Long-Term Debt

Long-Term Debt

9. Long-Term Debt

In June 2020, the Company acquired debt as part of its acquisition of United Hydrogen Group Inc. During the three and nine months ended September 30, 2023, the Company repaid $0.3 million and $5.7 million of principal related to this outstanding debt, respectively. The outstanding carrying value of the debt was $4.1 million as of September 30, 2023. The remaining outstanding principal on the debt was $5.8 million and the unamortized debt discount was $1.7 million, bearing varying interest rates ranging from 5.6% to 8.3%. The debt is scheduled to mature in 2026. As of September 30, 2023, the principal balance is due at each of the following dates as follows (in thousands):

December 31, 2023	$	300
December 31, 2024		3,357
December 31, 2025		1,200
December 31, 2026		900
Total outstanding principal	$	5,757