v3.26.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Royalty Right Agreements
The following table summarizes the significant unobservable inputs used in the fair value measurement of the Royalty Right Agreements:
Valuation MethodologySignificant Unobservable InputWeighted Average (range, if applicable)
Discount Rate15%
Royalty Right AgreementsProbability weighted
income approach		Probability of Success95%
Projected Years of Payments2025-2035
Schedule of Term Notes and Unamortized Debt Discount Balances
Long-term notes and unamortized debt discount balances are as follows:
 March 31,December 31,
 20262025
Total Outstanding notes
$45,000 $45,000 
Unamortized discount, including Exit Fee
(6,376)(7,630)
Notes payable, current
(13,630)(9,964)
Notes payable, long-term
24,994 27,406 
Finance lease
105 113 
Notes payable, net
$25,099 $27,519 
 March 31,December 31,
 20262025
Total Royalty obligations
$51,886 $51,886 
Unamortized discount(24,972)(25,945)
Royalty obligations, long term
$26,914 $25,941 
Schedule of Debt Maturities
Scheduled principal payments on the 13.5% Notes as of March 31, 2026 are as follows:
2026$9,540 
202714,535 
202820,925 
Total$45,000