v3.23.1
Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Outstanding Balance of Convertible Notes

The outstanding balance of the Convertible Notes as of March 31, 2023 and December 31, 2022 consisted of the following (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Liability

 

 

 

 

 

 

Principal

 

 

93,897

 

 

 

93,897

 

Less: debt discount and issuance costs, net

 

 

(1,088

)

 

 

(1,161

)

Net carrying amount

 

 

92,809

 

 

 

92,736

 

Schedule of Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the three months ended March 31, 2023 and 2022 (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Amortization of debt issuance costs

 

 

73

 

 

 

144

 

Contractual interest expense

 

 

822

 

 

 

1,681

 

   Total interest expense

 

$

895

 

 

$

1,825

 

Schedule of Future Minimum Payments on Convertible Notes Payable

Future minimum payments on Convertible Notes payable as of March 31, 2023 are as follows (in thousands):

 

2023

 

 

$

 

2,465

 

2024

 

 

 

 

3,286

 

2025

 

 

 

 

3,286

 

2026

 

 

 

 

96,225

 

Total future minimum payments

 

 

 

 

105,262

 

Less: interest

 

 

 

 

(11,365

)

Less: debt discount and issuance costs, net

 

 

 

 

(1,088

)

Less: current portion

 

 

 

 

—

 

  Convertible senior notes

 

 

 

 

92,809