Term Loans (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Reconcile of Change in Fair Value of Debt

The following table reconciles the change in fair value of the Trinity Term Loans during the year ended December 31, 2023 (in thousands):

Trinity Term Loans
Beginning fair value balance on November 13, 2023	$	39,230
Principal payments		—
Change in fair value reported in statements of operations		1,278
Ending fair value balance as of December 31, 2023	$	40,508

The following table reconciles the change in fair value of the Success Fee liability during the year ended December 31, 2023 (in thousands):

Success Fee
Beginning fair value balance on November 13, 2023	$	770
Change in fair value of Success Fee		30
Ending fair value balance as of December 31, 2023	$	800

Schedule of Future Principal Debt Payments on Term Loan Agreement

Future principal debt payments on the Term Loan Agreement as of December 31, 2023 are as follows (in thousands):

Year Ending December 31,
2024	$	—
2025		—
2026		—
2027		18,709
2028		21,291
Total principal payments	$	40,000