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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