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Long Term Debt, Net (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Extinguishment of Debt The composition of the loss on extinguishment of debt was as follows (amounts in thousands):
January 19, 2024
Unamortized deferred financing costs
$781 
Unamortized original issue discount
120 
Prepayment premium
500 
Loss on extinguishment of debt
$1,401 
Schedule of Original Discount and Deferred Financing Costs
Original issue discount and deferred financing costs incurred as part of the Credit Facilities were allocated between the Term Loan Facility and the Revolving Credit Facility on the basis of the maximum potential principal outstanding permitted under the Citizens Credit Agreement. The allocation of the deferred financing costs and original issue discount between the Term Loan Facility and the Revolving Credit Facility were as follows (in thousands):
January 19, 2024
Term Loan Facility
Revolving Credit Facility
Total
Long term debt, net
Other assets
Original issue discount
$224 $839 $1,063 
Deferred financing costs54 202 256 
Schedule of the Balances of the Loan Facility and Agreement
The balances of the Term Loan Facility as of June 30, 2024 and the Hayfin Term Loan as of December 31, 2023 were as follows (in thousands):
June 30, 2024December 31, 2023
Current portion of long term debt
Long term debt, netCurrent portion of long term debtLong term debt, net
Outstanding principal$1,000 $18,500 $1,000 $49,000 
Deferred financing costs— (47)— (781)
Original issue discount— (204)— (120)
Long term debt, net$1,000 $18,249 $1,000 $48,099 
Schedule of Interest Expense Interest expense related to the Term Loan Facility and the Hayfin Term Loan included in interest expense, net in the unaudited condensed consolidated statements of operations, was as follows (amounts in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Stated interest$396 $1,505 1,057 $2,956 
Amortization of deferred financing costs4 108 34 212 
Accretion of original issue discount11 17 24 33 
Interest expense$411 $1,630 $1,115 $3,201 
Interest expense related to the Revolving Credit Facility included in Interest income (expense), net in the unaudited condensed consolidated statements of operations, was as follows (amounts in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20242024
Commitment fee
$47 $78 
Amortization of deferred financing costs16 32 
Accretion of original issue discount42 84 
Interest expense$105 $194 
Schedule of Principal Payments for the Term Loan Facility
A summary of principal payments due on the Term Loan Facility, by year, from June 30, 2024 through maturity are as follows (in thousands):
Year ending December 31,Principal
2024 (excluding the six months ended June 30, 2024)
$500 
2025
1,000 
2026
1,500 
2027
1,500 
2028
2,000 
Thereafter13,000 
Outstanding principal$19,500