Term Loan (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Future Principal Repayments of Term Loan

Pursuant to the Third Amendment, future principal repayments and the net carrying value of the Perceptive Loan as of June 30, 2024, are as follows:

	Principal
	(in thousands)
Remaining 6 months of 2024	$	5,400
2025		10,800
2026		4,300
Total principal payment		20,500
Debt discounts		(1,189	)
Net carrying value	$	19,311

Schedule of Future Minimum Revenue Thresholds

The Amended Perceptive Loan Agreement includes financial covenants that require the Company to (i) maintain, at all times, a minimum aggregate balance of $3.0 million in cash in one or more controlled accounts, and (ii) pursuant to the Third Amendment, satisfy certain minimum revenue thresholds, measured for the consecutive 12-month periods ending on each calendar quarter-end until June 30, 2026 as follows:

For 12-month Period Ending	Revenue
	(in thousands)
June 30, 2024	$	35,500
September 30, 2024	$	33,000
December 31, 2024	$	31,500
March 31, 2025	$	31,000
June 30, 2025	$	33,000
September 30, 2025	$	35,935
December 31, 2025	$	40,160
March 31, 2026	$	44,950
June 30, 2026	$	51,500