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Other Non-current Liabilities
3 Months Ended
Mar. 31, 2025
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, if such option is exercised, 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 March 31, 2025As of December 31, 2024
Note payable$3,334 $3,502 
Unamortized discount(416)(473)
Total$2,918 $3,029 
The following table presents remaining maturities for the note payable as of March 31, 2025:

(in thousands)MaturitiesDiscount Amortization
Year ending December 31, 2025$524 $151 
Year ending December 31, 2026740 160
Year ending December 31, 20271,328 97
Year ending December 31, 2028742 8
Total note payable$3,334 $416 
The Company recorded $0.2 million discount amortization as interest expense as of March 31, 2025.