Term Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Term Debt:

	As of March 31, 2025							As of December 31, 2024
	Principal Balance		Unamortized Discount and Debt Issuance Costs			Carrying Value		Principal Balance		Unamortized Discount and Debt Issuance Costs			Carrying Value
Senior Secured Notes, effective interest rate of 10.1% as of March 31, 2025, as amended	$	62,691	$	(160	)	$	62,531	$	62,691	$	(181	)	$	62,510
Delayed Draw Term Notes, effective interest rate of 10.2% as March 31, 2025, as amended		4,000		(18	)		3,982		4,000		(21	)		3,979
2022 Bridge Notes, effective interest rate of 10.1% as of March 31, 2025, as amended		36,000		(46	)		35,954		36,000		(53	)		35,947
2023 Notes, effective interest rate of 14.2% as of March 31, 2025 , as amended		8,000		-			8,000		8,000		-			8,000
Total	$	110,691	$	(224	)	$	110,467	$	110,691	$	(255	)	$	110,436

Schedule of Interest Expense

The following table represents interest expense:

	Three Months Ended March 31,
	2025		2024
Amortization of debt costs:
Line of credit	$	-	$	418
Term Debt		31		118
Total amortization of debt costs		31		536
Noncash and accrued interest:
Simplify Loan		-		41
Term Debt		-		2,798
Total noncash and accrued interest		-		2,839
Cash paid interest:
Simplify Loan		194		-
Line of credit		-		795
Term Debt		2,767		-
Other		12		169
Total cash paid interest		2,973		964
Total interest expense	$	3,004	$	4,339