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DEBT (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The following table reflects the Company’s debt as of March 31, 2024 and December 31, 2023 (in thousands):

March 31, 2024December 31, 2023
6.5% Convertible Senior Secured Notes due 2027 principal amount
$40,000$40,000
Plus: derivative liability for embedded conversion feature308308
Less: unamortized debt issuance costs(1,687)(1,794)
Carrying value38,62138,514
Less: current portion of long-term debt——
Long-term debt, net$38,621$38,514
Schedule of Carrying Values Convertible Notes
The following table reflects the carrying balance of the 2027 Convertible Notes as of March 31, 2024 and December 31, 2023 (in thousands):

March 31, 2024December 31, 2023
Principal balance$40,000 $40,000 
Derivative liability for embedded conversion feature308 308 
Unamortized debt issuance costs(1,687)(1,794)
Carrying balance$38,621 $38,514 
Schedule of Debt Related Interest
The following table reflects debt-related interest included in Interest expense in the Company’s Condensed Consolidated Statements of Comprehensive Loss for the three months ended March 31, 2024 and 2023 (in thousands):

Three Months Ended March 31,
20242023
Interest on 2027 Convertible Notes$650$975
Amortization of debt issuance costs107147
Total interest expense$757$1,122