Accrued Liabilities

12 Months Ended

Dec. 31, 2023

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Note 9. Accrued Liabilities

Accrued liabilities were comprised of the following (in thousands):

	As of December 31,
	2023		2022
Payroll-related	$	3,826	$	2,796
Property, plant, and equipment		—		1,966
Deferred revenue		16		198
Insurance premiums and accrued interest		409		—
Loss contingency accrual		300		—
Other		1,028		1,243
Total current accrued liabilities	$	5,579	$	6,203

On July 13, 2023, the Company entered into a financing agreement with First Insurance Funding for the financing of the Company's Directors and Officers (D&O) liability insurance and related policies. Under the terms of the financing agreement, the Company agreed to pay a total of $1.2 million in premiums, taxes and fees, plus interest at an annual percentage rate of 7.74% in ten monthly installment payments commencing on July 25, 2023. During the year ended December 31, 2023, the Company paid a down payment on the policy of $0.2 million to the insurer and an aggregate of $0.6 million in monthly installments to First Insurance Funding. As of December 31, 2023, the Company owed $0.4 million for insurance premiums and accrued interest.