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Notes Payable (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Summary of Convertible Notes Payable

The Company’s convertible notes payable balance was as follows (in thousands):

 

 

June 30, 2024

 

 

December 31, 2023

 

iHeart Convertible Note

 

$

—

 

 

$

99

 

Mudrick Convertible Notes measured at fair value

 

 

54,850

 

 

 

40,370

 

Total Convertible Notes Payable

 

$

54,850

 

 

$

40,469

 

 

Summary of Notes Payable Future Principal Payments

The notes payable future principal payments as of June 30, 2024 are as follows (in thousands):

 

Year ended December 31,

 

 

 

 2024

 

$

1,526

 

 2025

 

 

1,692

 

 2026

 

 

51,278

 

Thereafter

 

 

—

 

Total

 

$

54,496

 

 

Summary of Company's Notes Payable

The Company’s notes payable balances were as follows (in thousands):

 

 

June 30, 2024

 

 

December 31, 2023

 

PGE Loan

 

 

3,351

 

 

 

3,458

 

Green St. Lease Promissory Note

 

 

1,015

 

 

 

—

 

Mudrick Super Priority Note (at fair value)

 

 

50,130

 

 

 

18,568

 

Total Notes Payable

 

 

54,496

 

 

 

22,026

 

Less: short-term portion of PGE Loan

 

 

(1,868

)

 

 

(1,336

)

Less: short-term portion of Green St. Lease Promissory Note

 

 

(550

)

 

 

—

 

Less: short-term portion of Mudrick Super Priority Note

 

 

—

 

 

 

(18,568

)

Total Notes Payable, less current portion

 

$

52,078

 

 

$

2,122