Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt consisted of the following:

(in thousands)	December 31, 2024		December 31, 2023
Principal amount of long-term debt	$	75,000	$	55,000
Debt discount, net of accretion	(650)		(917)
Cumulative accrual of end of term payments	1,075		487
Long-term debt	$	75,425	$	54,570

Interest Income and Interest Expense Disclosure

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

(in thousands)	For the years ended
	2024		2023		2022
Total interest expense	$	8,768	$	5,777	$	3,989
Non-cash interest expense	$	856	$	929	$	918

Schedule of Maturities of Long-term Debt

As of December 31, 2024, future principal payments and accrued end-of-term payments due under the Hercules Loan Agreement were as follows (in thousands):

Year Ending December 31	Total
2025	—
2026	—
2027	$	76,076
Long-term debt, including end-of-term payments	$	76,076