v3.25.2
DEBT (Tables)
6 Months Ended
Jun. 30, 2025
DEBT  
Summary of loans payable, net

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

As of

June 30, 2025

    

December 31, 2024

Principal outstanding

$

60,000

$

60,000

Unamortized debt issuance costs

(187)

(320)

Principal outstanding, net of unamortized debt issuance costs

$

59,813

$

59,680

Reported as:

Loans payable, net, current portion

$

22,361

$

7,272

Long-term portion of loans payable, net

37,452

52,408

$

59,813

$

59,680

Schedule of future minimum payments

The following table presents the future minimum principal payments of the outstanding loan as of June 30, 2025 (in thousands):

Remainder of 2025

$

7,500

2026

30,000

2027

22,500

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

$

60,000