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Convertible Notes (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Convertible Notes
The table below summarizes the terms and certain amounts (dollar amounts in thousands) with respect to the outstanding 2024 Convertible Notes as of June 30, 2024 (inclusive of instruments issued in connection with the Letter Agreements and exercised Tranche Rights):
Related Party Convertible NotesSecured Convertible NotesUnsecured Convertible NotesTranche Convertible Notes
Quantity issued2 1 16 3 
Proceeds$500 $5,000 $2,292 $1,100 
Total principal$550 $5,000 $2,550 $1,356 
Issuance dateMay 6, 2024 and June 7, 2024April 5, 2024March 21, 2024 - June 26, 2024May 7, 2024 - June 18, 2024
Original issue discount10.0 %N/A
4.0 % - 23.3 %
23.2 %
Coupon rate12.0 %7.5 %
12.0 % - 23.2 %
12.0 %
Default rate24.0 %12.5 %24.0 %24.0 %
Maturity dateMay 6, 2025 and June 7, 2025October 4, 2026 March 21, 2025 - December 26, 2026May 7, 2025 - June 18, 2025
Interest payment frequencyMonthly starting in the third month after issuanceMonthly Monthly starting in the third month after issuanceMonthly starting in the third month after issuance
Principal payment frequencyMonthly starting in the third month after issuanceAt maturityMonthly starting in the third month after issuanceMonthly starting in the third month after issuance
Quantity of Convertible 2024 Note Warrants550,000 1,000,000 3,070,929 1,210,000 
Quantity of Consideration Shares (total)416,666 2,797,661 1,909,795 916,667 
Quantity of Consideration Shares (issued)416,666 — 1,859,795 916,667 
Repayments$— $— $739 $— 
The following table presents a reconciliation of the Senior Convertible Notes (in thousands):
Senior Convertible
Notes
Balance as of December 31, 2023$9,930
Amortization of discount11
Paid-in-kind interest206
Balance as of March 31, 202410,147
Amortization of discount14
Paid-in-kind interest211
Balance as of June 30, 2024 $10,372