Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

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

		March 31, 2024				December 31, 2023
	Maturity Date	Borrowing Outstanding		Carrying Value*		Borrowing Outstanding		Carrying Value*
2021 Convertible Note Payable	June 2026	$	115,815	$	96,033	$	115,815	$	94,386
Senior Secured Term Loan	March 2026	100,000		86,756		100,000		85,624
AFG Convertible Notes	June 2026	17,429		17,917		17,429		18,139
Equipment financing facility	April 2026	4,931		4,924		5,718		5,710
Total borrowings		238,175		205,630		238,962		203,859
Current portion		3,458		3,458		3,332		3,332
Total borrowings, non-current		$	234,717	$	202,172	$	235,630	$	200,527

*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:

	March 31, 2024		December 31, 2023
Principal	$	100,000	$	100,000
Unamortized debt discount	(1,344)		(1,459)
Unamortized debt issuance costs	(11,900)		(12,917)
Aggregate carrying value	$	86,756	$	85,624

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 Note is as follows:

	Three Months Ended March 31,
	2024		2023
Contractual interest expense	$	1,737	$	1,637
Amortization of debt discount	1,531		1,207
Amortization of debt issuance costs	148		117
Total	$	3,416	$	2,961

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

	Three Months Ended March 31,
	2024		2023
Contractual interest expense	$	1,155	$	779
Amortization of debt discount	218		148
Amortization of debt issuance costs	62		42
Total	$	1,435	$	969

The following table summarizes interest expense recognized:

	Three Months Ended March 31,
	2024		2023
Contractual interest expense	$	3,684	$	3,373
Amortization of debt discount	115		93
Amortization of debt issuance costs	1,017		822
Total	$	4,816	$	4,288

Schedule of Balances Recognized upon Issuance of Convertible Notes

The balances for the 2021 Convertible Note are as follows:

	March 31, 2024		December 31, 2023
Principal	$	115,815	$	115,815
Unamortized debt discount	(18,081)		(19,612)
Unamortized debt issuance costs	(1,747)		(1,895)
Embedded conversion feature	46		78
Aggregate carrying value	$	96,033	$	94,386

The balances for the AFG Convertible Notes are as follows:

	March 31, 2024		December 31, 2023
Principal	$	17,429	$	17,429
Unamortized debt discount	(2,617)		(2,835)
Unamortized debt issuance costs	(738)		(800)
Embedded conversion feature	3,843		4,345
Aggregate carrying value	$	17,917	$	18,139