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Other Non-current Liabilities
9 Months Ended
Sep. 30, 2024
Other Liabilities Disclosure [Abstract]  
Other Non-current Liabilities Other Non-current Liabilities
On June 14, 2024, the Company executed a non-interest bearing note payable of $4.5 million upon settlement of a legal matter. The note payable is due May 2028 and is discounted based on an imputed interest rate of 6.66%. The note payable includes an option for the Company to extend maturity of the note to September 2029 upon written notice before the thirty-seventh payment and the maximum payment amount of the note increases to $4.8 million.
The current portion of the note of $0.7 million is included in other accrued liabilities in the Company’s Consolidated Balance Sheets.
(in thousands)As of September 30, 2024
Note payable$3,668 
Unamortized discount(532)
Total$3,136 
The following table presents remaining maturities for the note payable as of September 30, 2024:

(in thousands)MaturitiesDiscount Amortization
Three months ending December 31, 2024$166 $59 
Year ending December 31, 2025693207
Year ending December 31, 2026740160
Year ending December 31, 2027132897
Year ending December 31, 20287419
Total note payable$3,668 $532 
The Company recorded less than $0.1 million discount amortization as interest expense as of September 30, 2024.