Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

v3.24.0.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2023
DEBT  
Summary of loans payable, net

The following table summarizes loans payable, net (in thousands):

As of December 31,

2023

    

2022

Principal outstanding

$

60,000

$

40,000

Unamortized debt issuance costs

(398)

(552)

Principal outstanding, net of unamortized debt issuance costs

$

59,602

$

39,448

Reported as:

Loans payable, net, current portion

$

7,229

$

-

Long-term portion of loans payable, net

52,373

39,448

$

59,602

$

39,448

Schedule of future minimum payments

The following table presents the future minimum principal payments of the outstanding loan as of December 31, 2023 (in thousands):

For the year ending December 31,

2024

$

7,500

2025

30,000

2026

22,500

Principal amount (Tranches 1, 2, 3 and 4)

$

60,000