Long Term Debt, Net (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Balances of Term Loan

The balances of the Term Loan as of September 30, 2023 and December 31, 2022 were as follows (in thousands):

	September 30, 2023		December 31, 2022
Outstanding principal	$	50,000	$	50,000
Deferred financing costs	(896)		(1,219)
Original issue discount	(138)		(187)
Long term debt, net	$	48,966	$	48,594

Schedule of Interest Expense Related to the Term Loan

Interest expense related to the Term Loan, included in interest expense, net in the unaudited condensed consolidated statements of operations, was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Stated interest	$	1,554	$	1,151	$	4,498	$	3,225
Amortization of deferred financing costs	111		103		323		302
Accretion of original issue discount	17		16		50		46
Interest expense	$	1,682	$	1,270	$	4,871	$	3,573

Schedule of Principal Payments due on Term Loan

A summary of principal payments due on the Term Loan, by year, from September 30, 2023 through maturity are as follows (in thousands):

Year ending December 31,	Principal
2023 (excluding the nine months ended September 30, 2023)	$	—
2024	—
2025	50,000
2026	—
2027	—
Thereafter	—
Outstanding principal	$	50,000