v3.26.1
DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt and Interest Expense
Outstanding debt consisted of the following (in thousands):
December 31,
20252024
Principal value of Term Loan, including final payment of $1,635
$31,635 $31,635 
Fair value of bifurcated embedded derivatives1,430 970 
Unamortized debt discount(1,904)(3,186)
Total31,161 29,419 
Less: debt, short-term8,765 — 
Total debt, long-term$22,396 $29,419 
The following table provides the components of interest expense (in thousands):
Year Ended December 31,
20252024
Interest expense based on the coupon interest rate of the outstanding debt$2,935 $2,943 
Accretion of debt discount1,282 1,112 
Total interest expense related to debt$4,217 $4,055 
Schedule of Aggregate Principal Payments
As of December 31, 2025, the aggregate principal payments due for the Term Loan by year are as follows (in thousands):

Year ended December 31, 2026$10,104 
Year ended December 31, 202721,531 
Total principal payment due for Term Loan$31,635