Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt obligations at carrying value consist of the following related and third-party borrowings:

	June 30, 2023				December 31, 2022
	Borrowing Outstanding		Carrying Value*		Borrowing Outstanding		Carrying Value*
2021 Convertible Notes Payable - due June 2026	$	112,442	$	91,862	$	109,167	$	82,950
Senior Secured Term Loan - due March 2026	100,000		83,503		100,000		81,616
AFG Convertible Note - due June 2026	15,390		50,053		—		—
Equipment financing facility - due April 2025	7,196		7,196		8,577		8,577
Yorkville Convertible Promissory Note - due June 2023	—		—		2,000		2,688
Total borrowings	235,028		232,614		219,744		175,831
Current portion	3,093		3,093		5,560		5,560
Total borrowings, non-current	$	231,935	$	229,521	$	214,184	$	170,271

*Carrying value includes unamortized deferred financing costs, unamortized discounts, and fair value of embedded derivative liabilities.

The Senior Secured Term Loan balance is as follows:

	June 30, 2023		December 31, 2022
Principal	$	100,000	$	100,000
Unamortized debt discount	(1,674)		(1,866)
Unamortized debt issuance costs	(14,823)		(16,518)
Aggregate carrying value	$	83,503	$	81,616

Date of Draw	Gross Amount of Initial Draw		Coupon Interest Rate	Debt Issuance Costs
September 2021	$	7,000	14.3%	$	175
September 2022	4,216		16.2%	96
Total Equipment Financing loans	$	11,216		$	271

Schedule of Interest Expense

Interest expense recognized on the 2021 Convertible Notes is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Contractual interest expense	$	1,637	$	1,544	$	3,274	$	3,087
Amortization of debt discount	1,250		924		2,457		1,467
Amortization of debt issuance costs	122		90		239		177
Total	$	3,009	$	2,558	$	5,970	$	4,731

Interest expense recognized on the AFG Convertible Notes is as follows:

	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
Contractual interest expense	$	860	$	1,639
Amortization of debt discount	210		358
Amortization of debt issuance costs	59		101
Total	$	1,129	$	2,098

The following table summarizes interest expense recognized:

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Contractual interest expense	$	3,453	$	6,826
Amortization of debt discount	99		192
Amortization of debt issuance costs	873		1,695
Total	$	4,425	$	8,713

Schedule of Balances Recognized upon Issuance of Convertible Notes

The balances for the 2021 Convertible Notes are as follows:

	June 30, 2023		December 31, 2022
Principal	$	112,442	$	109,167
Unamortized debt discount	(22,392)		(24,733)
Unamortized debt issuance costs	(2,164)		(2,402)
Embedded conversion feature	3,976		918
Aggregate carrying value	$	91,862	$	82,950

The balance for the AFG Convertible Notes is as follows:

	June 30, 2023
Principal	$	15,390
Unamortized debt discount	(3,220)
Unamortized debt issuance costs	(908)
Embedded conversion feature	38,791
Aggregate carrying value	$	50,053