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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Significant Unobservable Inputs used in Initial Fair Value Measurement of the Royalty Right Agreement
The following table summarizes the significant unobservable inputs used in the initial fair value measurement of the Royalty Right Agreements as of December 31, 2023:
Valuation MethodologySignificant Unobservable InputWeighted Average (range, if applicable)
Discount Rate15%
Royalty Right AgreementsProbability weighted
income approach
Probability of Success75%
Projected Years of Payments2025-2033
Schedule of Debt
Long-term notes and unamortized debt discount balances are as follows:
 December 31,
 20242023
Total outstanding notes
$45,000 $45,000 
Unamortized discount, including Exit Fee
(12,646)(17,665)
Notes payable, long-term
32,354 27,335 
Finance lease, long-term
146 173 
Notes payable, net
$32,500 $27,508 
 December 31,
 20242023
Royalty obligations
$56,922 $56,926 
Unamortized discount(36,706)(42,165)
Current portion of royalty obligation
(87)— 
Royalty obligations, net
$20,129 $14,761 
Schedule of Debt Maturities
Scheduled principal payments on the 13.5% Notes as of December 31, 2024 are as follows:
2025
$— 
2026
9,540 
2027
14,535 
2028
20,925 
Total$45,000