v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Instrument [Line Items]  
Schedule of the Tranche B Note

The following table provides a summary of the changes in the balance and the estimated fair value of the Tranche B Notes (in thousands):

 

 

June 30,

 

 

2025

 

Ending Balance as of December 31, 2024

$

23,560

 

Repayment of Tranche B Notes principal and interest

 

(8,874

)

Change in fair value of Tranche B Notes

 

6,734

 

Ending Balance as of June 30, 2025

$

21,420

 

 

Schedule of revenue liability activity

The following table summarizes the purchased revenue liability activity related to ZTlido Royalty Purchase Agreement (in thousands):

 

 

June 30,

 

 

2025

 

Ending Balance as of December 31, 2024

$

6,800

 

Repayment of purchased revenue liability

 

(1,116

)

Change in fair value of purchased revenue liability

 

1,316

 

Ending Balance as of June 30, 2025

$

7,000

 

 

June 30,

 

 

2025

 

Beginning Balance as of February 28, 2025

$

500

 

Repayment of purchased revenue liability

$

(41

)

Change in fair value of purchased revenue liability

 

141

 

Ending Balance as of June 30, 2025

$

600

 

Oramed Note  
Debt Instrument [Line Items]  
Schedule of the Oramed Note

The following table provides a summary of the changes in the balance and the estimated fair value of the Oramed Note (in thousands):

 

 

June 30,

 

 

2025

 

Ending Balance as of December 31, 2024

$

12,161

 

Change in fair value of Oramed Note – recorded in the consolidated statements of operations

 

6,290

 

Ending Balance as of June 30, 2025

$

18,451