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Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt [Abstract]  
Schedule of Debt

The Company’s outstanding debt consisted of the following at the periods indicated (in thousands):

 

Short-Term Debt  Maturity  2024   2023 
Promissory Note - 2023     $—   $3,071 
Promissory Note - 2023 - related party      —    125 
Convertible Note - 2021 - related party1      —    1,079 
Convertible Note - 20211      —    2,500 
Promissory Note - May 1, 20242  5/1/2025   1,442    — 
Promissory Note - May 24, 20242  5/24/2025   1,426    — 
Unamortized Discounts      (211)   (50)
Unamortized Loan Costs      —    (35)
Total Short-Term Debt     $2,657   $6,690 
              
Long-Term Debt             
SBA Loan  6/30/2050  $65   $65 
Convertible notes, at fair value1      —    16,804 
Convertible Note - 20171      —    1,987 
Convertible Note - 20221      —    600 
Convertible Note - 20231      —    300 
Unamortized Discounts      —    (1,210)
Total Long-Term Debt     $65   $18,546 

 

1principal balance was either converted to equity immediately prior to the XTI Merger closing time or subsequently repaid

 

2promissory note repaid in full on March 31, 2025