v3.26.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
At March 31, 2026 and December 31, 2025, long-term debt consisted of the following (in thousands):
March 31, 2026December 31, 2025
2021 Credit Facility (1) (2)
$14,285 $10,285 
2021 Credit Facility - Accrued Fees (2)
1,273 1,234 
2021 Credit Facility - Accrued Interests (2)
1,296 793 
Economic Injury Disaster Loan148 149 
Total debt17,002 12,461 
Less: deferred financing cost (2)
(60)(63)
Less: debt discount (2) (3)
(249)(249)
Total debt, net of deferred financing cost and debt discount16,693 12,149 
Less: current portion (2)
(16,548)(12,003)
Total long-term debt, net of current portion$145 $146 
(1) As of March 31, 2026 and December 31, 2025, amount includes $7.5 million and $3.5 million of amendment closing fees, respectively, pursuant to the Eleventh and Ninth Amendments defined below, respectively, which are due at maturity or prepayment.
(2) These balances are considered related party balances.
(3) The debt discount is composed of the difference between the fair value and the carrying value of the 2021 Credit Facility.
Schedule of Components of Interest Expense and Related Fees for Long-Term Debt
The components of interest expense and related fees for long-term debt is as follows (in thousands):
Three Months Ended
March 31,
20262025
Interest expense – 2021 Credit Facility (1)
$543 $1,131 
Interest expense – Credit Agreement— 70 
Interest expense – other2 4 
Amortization of deferred financing cost and debt discount18 641 
Total interest expense and amortization of deferred financing cost and debt discount (premium), net$563 $1,846 
(1) For the three months ended March 31, 2025, a portion of the interest expense related to the 2021 Credit Facility was applied against the interest reserve, as described below, and included in amortization of deferred financing cost and debt discount (premium), net in the condensed consolidated statement of cash flows.
Schedule of Future Minimum Payments Related to Long-term Debt
As of March 31, 2026, future minimum payments related to long-term debt are as follows (in thousands):
Remaining 2026$16,856 
20273 
20283 
20294 
20304 
Thereafter132 
Total17,002 
Less current portion(16,548)
Less deferred financing cost(60)
Less debt discount(249)
Total long-term debt, net of current portion$145