| Schedule of Long-term Debt Instruments |
The following table presents the components of debt: | | | | | | | | | | | | | | | March 31,
2026 | | December 31,
2025 | | | | Debt principal: | | | | | | | Term loan credit facility with related party | $ | 188,627 | | | $ | 184,087 | | | | | | | | | | | Leaseback liability with related party | 5,604 | | | 5,798 | | | | | Finance lease liability | 5,831 | | | 5,875 | | | | | Debt principal | 200,062 | | | 195,760 | | | | | Unamortized debt discount on term loan credit facility with related party | (51,321) | | | (53,524) | | | | | Total debt, net of discounts | $ | 148,741 | | | $ | 142,236 | | | | | Classification on consolidated balance sheet: | | | | | | | Accrued expenses and other current liabilities | $ | 962 | | | $ | 954 | | | | | Debt, net of current portion | 5,642 | | | 5,694 | | | | | Debt, net of current portion, related party | 142,137 | | | 135,588 | | | | | Total debt, net of discounts | $ | 148,741 | | | $ | 142,236 | | | |
The following table presents the classification of interest in the consolidated financial statements: | | | | | | | | | | | | | | | | | | | Three months ended | | | | | | | | March 31,
2026 | | February 23,
2025 | | | | | | | Expensed in statement of operations | 7,348 | | | 5,589 | | | | | | | | Capitalized to property, plant and equipment | 25 | | | 798 | | | | | | | | | Total interest incurred | $ | 7,373 | | | $ | 6,387 | | | | | | | |
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| Schedule of Maturities of Long-term Debt |
The following table presents future minimum principal payments at March 31, 2026: | | | | | | Remainder of 2026 | $ | 718 | | 2027 | 987 | | 2028 | 1,023 | | 2029 | 189,676 | | 2030 | 1,068 | | | Thereafter | 6,590 | | | Debt principal | $ | 200,062 | |
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