Notes Payable, Preferred Stock and Stock Purchase Warrants (Tables)

6 Months Ended

Jun. 30, 2026

Notes Payable, Preferred Stock and Stock Purchase Warrants

Schedule of carrying amounts outstanding under the Company's notes payable

The following carrying amounts are outstanding under the Company’s notes payable as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026
	Principal ($)		Debt (Discount) Premium ($)⁽¹⁾		Issuance Costs ($)		Carrying Amount ($)
Amended Loan and Security Agreement	55,000		948		(140)		55,808

	December 31, 2025
	Principal ($)		Debt (Discount) Premium ($)⁽¹⁾		Issuance Costs ($)		Carrying Amount ($)
Amended Loan and Security Agreement	35,000		753		(167)		35,586

(1)	Includes accretion of end of term fees payable at maturity.

Schedule of interest expense related to the notes payable

Interest expense related to the notes payable for the periods presented below is as follows (in thousands):


	Six Months Ended June 30, 2026
	Interest Rate		Interest ($)		Debt Discount and Fees ($)⁽¹⁾		Issuance Costs ($)		Total Interest Expense ($)
Amended Loan and Security Agreement	9.90%		2,050		716		26		2,792
Total			2,050		716		26		2,792


	Six Months Ended June 30, 2025
	Interest Rate		Interest ($)		Debt Discount and Fees ($)⁽¹⁾		Issuance Costs ($)		Total Interest Expense ($)
2025 Notes	5.25%		45		256		4		305
Loan and Security Agreement	9.90%		1,742		479		48		2,269
Total			1,787		735		52		2,574

Schedule of future maturities

The following are the scheduled maturities of the Company’s notes payable (including end of term fees) as of June 30, 2026 (in thousands):


2027		$	2,433
2028			13,232
2029			45,315
Total		$	60,980