Notes Payable (Tables)

3 Months Ended

Mar. 31, 2023

Balance sheet information related to the note payable for the Notes is as follows (in thousands):


	As of
	March 31, 2023	December 31, 2022	Maturity
Initial Note	12,139	12,139	January 2025
Second Note	6,070	6,070	February 2025
Third Note	3,035	3,035	April 2025
Notes payable, gross1	21,244	21,244
Less: Unamortized debt discount and issuance costs	1,478	1,828
Carrying value of notes payable	19,766	19,416
Less: Current portion	9,296	5,930
Carrying value of notes payable, non-current	10,470	13,486

1 Balance includes $1.1 million final payment fee for the Notes, which represents 3% of the original principal loan amount.

As of March 31, 2023, the contractual future principal payments were as follows (in thousands):

1 Balance includes $1.1 million final payment fee, which represents 3% of the original principal loan amount.