DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt and Interest Expense

Outstanding debt consisted of the following (in thousands):

	March 31, 2024		December 31, 2023
Principal value of Term Loan, including Final Payment of $1,635	$	31,635	$	31,635
Fair value of bifurcated embedded derivatives	2,610		2,560
Unamortized debt discount	(4,036)		(4,298)
Total debt, long-term	$	30,209	$	29,897

The following table provides the components of interest expense (in thousands):

	Three Months Ended March 31, 2024
Interest expense based on the coupon interest rate of the outstanding debt	$	732
Accretion of debt discount	262
Total interest expense related to debt	$	994

Schedule of Aggregate Principal Payments

As of March 31, 2024, the aggregate principal payments due for the Term Loan by year are as follows (in thousands):

Year ended December 31, 2026	$	10,104
Year ended December 31, 2027	21,531
Total principal payments due for Term Loan	$	31,635