v3.26.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2026
Long-Term Debt [Abstract]  
Schedule of Long-Term Debt

As of March 31, 2026 and December 31, 2025, the Company’s long-term debt is comprised of the SIF Loan (as defined below) and the FedDev Loan (as defined below) as follows:

 

   March 31,
2026
   December 31,
2025
 
SIF Loan  $27,612   $27,536 
FedDev Loan   2,421    2,462 
Total long-term debt  $30,033   $29,998 
Schedule of Changes in the Carrying Value of the SIF Loan

The following table summarizes the changes in the carrying value of the SIF Loan for the three months ended March 31, 2026:

 

Balance as of December 31, 2025  $27,536 
Changes due to foreign exchange rates, net of contributions received   (206)
Interest expense, net of changes in foreign exchange rates   282 
Balance as of March 31, 2026  $27,612 

The following table summarizes the changes in the carrying value of the FedDev Loan for the three months ended March 31, 2026:

 

Balance as of December 31, 2025  $2,462 
Changes due to foreign exchange rates   (41)
Balance as of March 31, 2026  $2,421