Debt (Tables)

6 Months Ended

Jun. 30, 2025

Long-term debt consisted of the following (in thousands):


	June 30,		December 31,
	2025		2024
Term loan payable	$	30,000	$	30,000
End of term charge	1,425		1,425
Future principal payments and end of term charge	$	31,425	$	31,425
PIK interest payable	867		649
Unamortized debt issuance costs	(1,359)		(1,909)
Carrying value of long-term debt	$	30,933	$	30,165
Less: current portion	$	(7,982)	$	(5,513)
Non-current portion	$	22,951	$	24,652

Schedule of Maturities of Long-Term Debt

Future principal payments, including End of Term Charge, are as follows (in thousands):


December 31, 2025	—
December 31, 2026	18,252
December 31, 2027	13,173
Total	$	31,425

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details