Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

6 Months Ended

Jun. 30, 2023

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


	As of
	June 30, 2023		December 31, 2022		Maturity
Initial Note	$	8,711	$	12,139	January 2025
Second Note	4,355		6,070		February 2025
Third Note	2,178		3,035		April 2025
Notes payable, gross1	$	15,244	$	21,244
Less: Unamortized debt discount and issuance costs	1,129		1,828
Carrying value of notes payable, current	$	14,115	$	19,416
Less: Current portion	14,115		5,930
Carrying value of notes payable, non-current	$	—	$	13,486

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

Schedule of Contractual Future Principal Payments

As of June 30, 2023, the contractual future principal payments, excluding the Lender’s right to accelerate the maturity of the obligations on the earliest of (i) August 15, 2023, (ii) the occurrence of any default or event of default (other than the Existing Default) under the Loan Agreement, or (iii) the occurrence of a breach by the Company of any provision in the Forbearance Agreement, were as follows (in thousands):


	As of June 30, 2023
2023	$	4,168
2024	9,463
2025	1,613
2026	—
Total principal payments1	$	15,244

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