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DEBT (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Debt and Interest Expense
Outstanding debt consisted of the following (in thousands):
March 31, 2025December 31, 2024
Principal value of Term Loan, including Final Payment of $1,635
$31,635 $31,635 
Fair value of bifurcated embedded derivatives780 970 
Unamortized debt discount(2,887)(3,186)
Total debt, long-term$29,528 $29,419 
The following table provides the components of interest expense (in thousands):
Three Months Ended March 31,
20252024
Interest expense based on the coupon interest rate of the outstanding debt$724 $732 
Accretion of debt discount299 262 
Total interest expense related to debt$1,023 $994 
Summary of Aggregate Principal Payments
As of March 31, 2025, 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, 202721,531 
Total principal payments due for Term Loan$31,635