Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

At December 31, 2024 and 2023, long-term debt consisted of the following (in thousands):

	December 31,
	2024		2023
2021 Credit Facility (1)	$	37,362	$	28,594
Credit Agreement	3,700		3,000
Economic Injury Disaster Loan	150		150
Total long-term debt	41,212		31,744
Less: deferred financing cost (1)	(4,238)		(1,688)
Less: debt discount (2)	(1,671)		—
Total long-term debt, net of deferred financing cost and debt discount	35,303		30,056
Less: current portion	(3,700)		(1,478)
Total long-term debt, net of current portion, deferred financing cost and debt discount	$	31,603	$	28,578

(1) As of December 31, 2024, amount includes an exit fee of $3.0 million, which is non-interest bearing and due at maturity or prepayment.

(2) As of December 31, 2024, amount includes $1.7 million for the interest reserve, pursuant to the LS Amendment, as defined below, net of amounts amortized for interest.

Schedule of Components of Interest Expense and Related Fees for Long-Term Debt

The components of interest expense and related fees for long-term debt is as follows (in thousands):

	Year Ended December 31,
	2024		2023
Interest expense – 2021 Credit Facility	$	3,617	$	3,655
Interest expense – Credit Agreement	693		102
Interest expense – other	8		6
Amortization of deferred financing cost and debt discount	1,092		615
Total interest expense and amortization of deferred financing cost and debt discount	$	5,410	$	4,378

Schedule of Future Minimum Payments Related to Long-Term Debt

As of December 31, 2024, future minimum payments related to long-term debt are as follows (in thousands):

2025	$	3,700
2026	37,366
2027	3
2028	3
2029	4
Thereafter	136
Total	41,212
Less current portion	(3,700)
Less deferred financing cost	(4,238)
Less debt discount	(1,671)
Long-term debt, net of current portion, deferred financing cost and debt discount	$	31,603