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The aggregate fair value of the principal amount of the convertible debt is a Level 2 fair value measurement.
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September 30, 2024 |
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December 31, 2023 |
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Principal |
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Carrying |
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Fair |
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Principal |
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Carrying |
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Fair |
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Amount |
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Value |
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Value |
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Amount |
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Value |
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Value |
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2023 SVB Convertible Debt |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
15,000 |
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$ |
16,662 |
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$ |
16,652 |
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September 30, 2024 |
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December 31, 2023 |
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Principal |
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Carrying |
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Fair |
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Principal |
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Carrying |
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Fair |
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Amount |
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Value |
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Value |
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Amount |
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Value |
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Value |
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2024 SVB Convertible Debt |
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$ |
10,000 |
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$ |
9,823 |
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$ |
9,375 |
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$ |
— |
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$ |
— |
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$ |
— |
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As of September 30, 2024 and December 31, 2023, the Convertible Term Loan and New Convertible Term Loan balances were comprised of the following:
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September 30, |
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December 31, |
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2024 |
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2023 |
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Convertible Term Loan Information |
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Principal |
$ |
— |
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$ |
15,000 |
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Transaction costs |
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— |
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(5 |
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Accrued paid-in-kind interest |
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— |
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2,311 |
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Discount on modification of debt |
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— |
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(1,074 |
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Accretion of discount on modification of debt |
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— |
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430 |
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— |
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16,662 |
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September 30, |
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December 31, |
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2024 |
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2023 |
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New Convertible Term Loan Information |
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Principal |
$ |
10,000 |
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$ |
— |
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Transaction costs |
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(186 |
) |
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— |
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Amortization of transaction costs |
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9 |
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— |
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9,823 |
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— |
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