Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of Long Term Debt

Long-term debt consisted of the following:

(in thousands)	March 31, 2023		December 31, 2022
Principal amount of long-term debt	$	32,500	$	32,500
Debt discount, net of accretion	(767)		(196)
Cumulative accretion of end of term payments	648		1,315
Long-term debt	$	32,381	$	33,619
Less: current portion	$	(554)	$	(1,315)
Long-term debt, net of current portion	$	31,827	$	32,304

Interest Income and Interest Expense Disclosure

The Company recognized interest expense under the Hercules Loan Agreement as follows:

(in thousands)	Three Months Ended March 31,
	2023		2022
Total interest expense	$	884	$	909
Non-cash interest expense	$	225	$	198

Schedule of Future Principal Payments and the Final Payments Due

As of March 31, 2023, future principal and accrued end-of-term payments due under the Hercules Loan Agreement were as follows (in thousands):

Year Ending December 31,	Total
2023	$	554
2024	4,750
2025	20,386
2026	7,458
Long-term debt	$	33,148