v3.25.2
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table summarizes the significant unobservable inputs used in the fair value measurement of the Royalty Right Agreements:
Valuation MethodologySignificant Unobservable InputWeighted Average (range, if applicable)
Discount Rate15%
Royalty Right AgreementsProbability weighted
income approach		Probability of Success75%
Projected Years of Payments2025-2034
Schedule of Long-Term Debt Instruments
Long-term notes and unamortized debt discount balances are as follows:
 June 30,December 31,
 20252024
Total Outstanding notes
$45,000 $45,000 
Unamortized discount, including Exit Fee
(10,138)(12,646)
Notes payable, current
(3,149)— 
Notes payable, long-term
31,713 32,354 
Finance lease
130 146 
Notes payable, net
$31,843 $32,500 
 June 30,December 31,
 20252024
Total Royalty obligations
$56,910 $56,922 
Unamortized discount(33,835)(36,706)
Current portion of royalty obligation(364)(87)
Royalty obligations, long term
$22,711 $20,129 
Schedule of Debt Maturity
Scheduled principal payments on the 13.5% Notes as of June 30, 2025 are as follows:
2025— 
20269,540 
202714,535 
202820,925 
Total$45,000