DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt and Interest Expense

Outstanding debt consisted of the following (in thousands):

	June 30, 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	1,510		2,560
Unamortized debt discount	(3,765)		(4,298)
Total debt, long-term	$	29,380	$	29,897

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

	Three Months Ended June 30, 2024		Six Months Ended June 30, 2024
Interest expense based on the coupon interest rate of the outstanding debt	$	733	$	1,465
Accretion of debt discount	271		533
Total interest expense related to debt	$	1,004	$	1,998

Schedule of Aggregate Principal Payments

As of June 30, 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