Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2023

Related Party Transactions [Abstract]

Schedule of Related Party Notes Payable

Related party notes payable consists of the following as of September 30, 2023:

(in thousands)	Contractual Maturity Date	Contractual Interest Rates	Net Carrying Value
Related party notes – China	December 31, 2023	12.0%	$	5,071
Related party notes – Unsecured SPA	August 2029	10% - 15%	2,945
Related party notes – China various other	Due on Demand	—%	3,759
			11,775
Less: Related party notes payable, current			(8,830)
Total: Related party notes payable, less current			$	2,945

Related party notes payable consists of the following as of December 31, 2022:

(in thousands)	Contractual Maturity Date	Contractual Interest Rates	Net Carrying Value
Related party notes – China	December 31, 2023	12.0%	$	5,209
Related party notes – China various other	Due on Demand	—%	3,755
			$	8,964

Related party notes payable issued pursuant to the Unsecured SPA consist of the following as of September 30, 2023:

(in thousands)	Contractual Maturity Date	Contractual Interest Rates	Unpaid Principal Balance		Fair Value Measurement Adjustments		Original Issue Discount and Proceeds Allocated to Warrants		Net Carrying Value
MHL - Unsecured SPA Note	August 2029	10% - 15%	$	3,323	$	223	$	(601)	$	2,945

Schedule of Principal Maturities

The future scheduled principal maturities of notes payable as of September 30, 2023 are as follows:

(in thousands)
Due on demand	$	4,847
2023	—
2024	—
2025	41,000
2026	82
2027
Thereafter	89,126
	$	135,055

The future scheduled principal maturities of related party notes payable as of September 30, 2023 were as follows:

(in thousands)
Due on demand	$	3,759
2023	5,071
2029	3,323
	$	12,153