Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

The CIBC Loan consists of the following (in thousands) as of December 31, 2025 and December 31, 2024, respectively:


	December 31,
	2025		2024
Term loan	$	37,000	$	37,000
Less: debt issuance costs	(116)		(99)
Term loan	$	36,884	$	36,901
Reported as:
Short-term debt	$	—	$	3,083
Long-term debt	36,884		33,818
Total term loan	$	36,884	$	36,901

Schedule of Contractual Maturities of Financing Obligations

As of December 31, 2025, the aggregate future payments under the CIBC Loan and Credit Agreement (including interest payments) are as follows (in thousands):


Fiscal Year Ending December 31,	Amount
2026	$	2,977
2027	39,494
Total	$	42,471
Less: unamortized debt discount	(116)
Less: interest	(5,260)
Term loan and credit agreement	$	37,095

- 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