Term Loans (Tables)

6 Months Ended

Jun. 30, 2024

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 six months ended June 30, 2024 (in thousands):

Trinity Term Loans
Beginning fair value balance at January 1, 2024	$	40,508
Principal payments		—
Change in fair value reported in statements of operations		(268	)
Change in fair value reported in comprehensive loss		(2,405	)
Ending fair value balance as of June 30, 2024	$	37,835

The following table reconciles the change in fair value of the Success Fee liability during the six months ended June 30, 2024 (in thousands):

Success Fee
Beginning fair value balance at January 1, 2024	$	800
Change in fair value of Success Fee		—
Ending fair value balance as of June 30, 2024	$	800

Schedule of Future Principal Debt Payments on Term Loan Agreement

Future principal debt payments on the Trinity Term Loan Agreement as of June 30, 2024 are as follows (in thousands):

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