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Debt and Other Financing (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
June 30,December 31,
20242023
(in thousands)
Current portion of long-term debt$375 $— 
Non-current portion of long-term debt109,808 84,578 
Total long-term debt110,183 84,578 
Unamortized debt issuance costs(1,601)(1,077)
Outstanding balance$108,582 $83,502 

Effective Interest RateJune 30,December 31,
Name of Loan20242023
(in thousands)
Loans from Related Parties
12.23% - 12.57%
$88,683 $84,578 
Satellite Procurement Vendor Financing
12.04%1,500 — 
Commercial Bank Line9.98%20,000 — — 
Total$110,183 $84,578