Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.24.2.u1
DEBT (Tables)
6 Months Ended
Jun. 30, 2024
DEBT  
Summary of loans payable, net

The following table summarizes loans payable, net (in thousands):

As of

June 30, 2024

    

December 31, 2023

Principal outstanding

$

60,000

$

60,000

Unamortized debt issuance costs

(308)

(398)

Principal outstanding, net of unamortized debt issuance costs

$

59,692

$

59,602

Reported as:

Loans payable, net, current portion

$

$

7,229

Long-term portion of loans payable, net

59,692

52,373

$

59,692

$

59,602

Schedule of future minimum payments

The following table presents the future minimum principal payments of the outstanding loan as of June 30, 2024 (in thousands):

Remainder of 2024

$

2025

7,500

2026

30,000

2027

22,500

Principal amount (Tranches 1, 2, 3 and 4)

$

60,000