| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | Fortress | | Journey | | Total | | Fortress | | Journey | | Total | ($ in thousands) | | 2024 Oaktree Note | | SWK Term Loan | | Notes Payable | | 2024 Oaktree Note | | SWK Term Loan | | Notes Payable | Notes payable, short-term | | $ | — | | $ | 2,500 | | $ | 2,500 | | $ | — | | $ | — | | $ | — | Notes payable, long-term | | | 15,000 | | | 22,500 | | | 37,500 | | | 29,494 | | | 25,000 | | | 54,494 | Total Notes Payable | | | 15,000 | | | 25,000 | | | 40,000 | | | 29,494 | | | 25,000 | | | 54,494 | Plus: Yield Protection Premium/Exit fee | | | 150 | | | 1,250 | | | 1,400 | | | 295 | | | 1,250 | | | 1,545 | Less: Debt discount | | | (1,145) | | | (877) | | | (2,022) | | | (2,649) | | | (973) | | | (3,622) | Total Notes Payable, net | | $ | 14,005 | | $ | 25,373 | | $ | 39,378 | | $ | 27,140 | | $ | 25,277 | | $ | 52,417 |
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| Interest Expense for all Debt Arrangements |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | ($ in thousands) | | Interest | | Fees | | Total | | Interest | | Fees | | Total | 2024 Oaktree Note | | $ | 833 | | $ | 1,506 | | $ | 2,339 | | $ | 1,046 | | | 193 | | | 1,239 | Partner company notes payable | | | 797 | | | 95 | | | 892 | | | 789 | | | 102 | | | 891 | Partner company contingent call option accretion1 | | | — | | | — | | | — | | | 677 | | | — | | | 677 | Other | | | 137 | | | — | | | 137 | | | (2) | | | — | | | (2) | Total Interest Expense and Financing Fee | | $ | 1,767 | | $ | 1,601 | | $ | 3,368 | | $ | 2,510 | | $ | 295 | | $ | 2,805 |
Note 1: Relates to Urica’s optional repurchase obligation to Crystalys (see Note 3), which expired in 2025.
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