Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 14 – Related Party Transactions
Related parties include the Company’s executive officers, directors, and entities in which such persons have a beneficial interest.
In May 2025, the Company’s Chairman and Chief Executive Officer and a trust for which he is a beneficiary participated as investors in the Company’s 5% Original Issue Discount Senior Secured Convertible Notes for an aggregate investment of $342,500. The participation by the Chairman and Chief Executive Officer and the related trust was approved by an independent committee of the Board.
As of March 31, 2026, these related parties continue to hold a portion of the outstanding convertible notes, and the Company continues to incur interest expense and has repayment obligations associated with these instruments in accordance with their terms. See Note 10 – Debt for additional information regarding the terms of the convertible notes and related warrants.
Except as described above, the Company did not have any other material related party transactions during the three months ended March 31, 2026.
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