Notes Payable (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Notes Payable

The Company has entered into notes payable agreements with third parties, which consist of the following as of September 30, 2024 and December 31, 2023:

	September 30, 2024
(in thousands)	Contractual Maturity Date	Contractual Interest Rates	Unpaid Principal Balance		Fair Value Measurement Adjustments		Original Issue Discount and Proceeds Allocated to Warrants		Net Carrying Value
Secured SPA Notes	Various	10%-15%	$	26,336	$	(4,146)	$	(1,976)	$	20,214
Unsecured SPA Notes*	Various dates in 2029	10%-15%	22,802		398		(2,350)		20,850
Junior Secured Notes	September 2029	10%	20,769		(11,341)		—		9,428
Collateralized loan	October 2028	28%	4,805		—		(419)		4,386
Notes payable – China other	Due on Demand	—%	4,950		—		—		4,950
Auto loans	October 2026	7%	58		—		—		58
			$	79,720	$	(15,089)	$	(4,745)	59,886
Less: Notes payable, current portion									(56,086)
Total: Notes payable, less current portion									$	3,800

	December 31, 2023
(in thousands)	Contractual Maturity Date	Contractual Interest Rates	Unpaid Principal Balance		Fair Value Measurement Adjustments		Original Issue Discount and Proceeds Allocated to Warrants		Net Carrying Value
Secured SPA Notes	Various	10%-15%	$	100,052	$	(15,501)	$	(10,319)	$	74,232
Unsecured SPA Notes*	Various dates in 2029	10%-15%	13,885		1,208		(2,613)		12,480
Notes payable – China other	Due on Demand	—%	4,898						4,898
Auto loans	October 2026	7%	82						82
			$	118,917	$	(14,293)	$	(12,932)	91,692
Less: Related party notes payable									(542)
Less: Notes payable, current portion									(91,150)
Total: Notes payable, less current portion									$	—

* includes amounts attributed to the Unsecured Streeterville SPA

Schedule of Principal Maturities

The future scheduled principal maturities of notes payable as of September 30, 2024 are as follows:

(in thousands)
Due on demand	$	4,950
2024	132
2025	10,198
2026	892
2027	1,104
2028	2,169
2029	28,826
Thereafter	31,512
	$	79,783