High Trail Agreement (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Convertible Debt

As of March 31, 2024, the Company had aggregate principal outstanding under the Notes of $24.3 million, reported at fair value of $29.1 million (refer to Note 8 (Investments and Fair Value Measurements), for fair value measurements and additional discussion) and broken out as follows:

	Notes
Principal balance, December 31, 2023	$	61,000,000
Less:
Conversions	—
Partial redemption payments of principal	9,000,000
Redemption payment of principal in connection with modification	27,663,000
Notes principal balance, March 31, 2024	$	24,337,000

Schedule of Future Aggregate Redemption Repayment

As of March 31, 2024, at the holder’s option, the Company may be required to make future aggregate redemptions at the repayment price of 115% as follows (unless earlier converted per the terms):

2024	$	27,988,000
Thereafter	—
Total	$	27,988,000