Debt, net of unamortized deferred financing cost (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Outstanding Debt Obligations

The following table summarizes outstanding debt obligations of the Company as of March 31, 2026 and December 31, 2025:


	As of March 31, 2026						As of December 31, 2025
(Dollars in Thousands)	Debt Outstanding		Net Carrying Value (1)		Fair Value		Debt Outstanding		Net Carrying Value (1)		Fair Value
Administrators Term Loan	$	14,510	$	14,639	$	14,639	$	—	$	—	$	—
Kontora Credit Facility
Term Loan	410		410		410		503		503		503
Revolving Line of Credit	—		—		—		380		380		380
Total Debt	$	14,920	$	15,049	$	15,049	$	883	$	883	$	883

(1) The carrying value of the Term Loans and Revolving Line of Credit approximates fair value as of March 31, 2026 and December 31, 2025.

Schedule of Contractual Maturities of the Term Loans

Contractual maturities of the Administrators Term Loan and Term Loan as of March 31, 2026, are set out in the table below:


(Dollars in Thousands)	Administrators Term Loan		Kontora Term Loan		Aggregate Maturities


2026	$	8,145	$	246	$	8,391
2027	6,365		164		6,529


Total	$	14,510	$	410	$	14,920

- 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.

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+ Details