Long-term debt is recorded at carrying value in the consolidated balance sheets. The carrying value of long-term debt outstanding, net of unamortized debt issuance costs, consisted of the following as of June 30, 2021 and December 31, 2020:


	June 30, 2021			December 31, 2020
Long-term debt	$	151,969		$	149,915
Less unamortized debt issuance costs		(4,636	)		(5,747	)
Long-term debt-net of amortization		147,333			144,168
Less current portion of long-term debt		—			—
Long-term debt - net of current portion	$	147,333		$	144,168

As of June 30, 2021, the total long-term debt balance of $151,969 included the principal balance of $135,000, the initial commitment fee of $6,750, and the payment-in-kind interest on the principal balance of $10,036. The payment-in-kind interest on the principal balance is also subject to the commitment fee which was $183 as of June 30, 2021. This amount was also included in the long-term debt balance.

The term loan matures in June 2023, at which time the full balance of the term loan, including the commitment fee and the payment-in-kind balance, will be due.

In addition, the term loan includes financial covenants regarding the maintenance of minimum liquidity of $6,000 of operating cash, as defined, on a consolidated basis, at least $10,000 in its cash accounts on a daily basis and minimum consolidated revenue amounts. The term loan also contains certain nonfinancial covenants. As of June 30, 2021 and December 31, 2020, we were in compliance with all financial and nonfinancial covenants.

The term loan was entered into by our wholly owned subsidiary and is also guaranteed by certain of our wholly owned subsidiaries and collateralized by all unrestricted assets of our subsidiaries.