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Debt and Other Financing (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
September 30,December 31,
20242023
(in thousands)
Current portion of long-term debt$375 $— 
Non-current portion of long-term debt99,808 84,578 
Total long-term debt100,183 84,578 
Unamortized debt issuance costs(1,432)(1,077)
Outstanding balance$98,751 $83,502 
Effective Interest RateSeptember 30,December 31,
Name of Loan20242023
(in thousands)
Loans from Related Parties
12.23% - 12.57%
$88,683 $84,578 
Satellite Procurement Vendor Financing
10.86%1,500 — 
Commercial Bank Line11.46%10,000 — — 
Total$100,183 $84,578