v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt  
Schedule of reconciliation of changes in the fair value of the Notes

The following table reconciles the change in fair value of the Notes during the six months ended June 30, 2026 (in thousands):

Beginning fair value balance at December 31, 2025

$

76,330

Change in fair value reported in statements of operations

3,714

Change in fair value reported in comprehensive loss

(2,814)

Interest and revenue participation payments

(3,456)

Ending fair value at June 30, 2026

$

73,774

Schedule of future principal payments under the Notes Purchase Agreement

As of June 30, 2026, future principal payments under the Note Purchase Agreement are due as follows (in thousands):

2026

2027

2028

2029

2030

2031

37,500

2032

37,500

Total principal payments

$

75,000

Schedule of interest expenses

The following table sets forth total interest expense for the three and six months ended June 30, 2026 and 2025 (in thousands):

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Contractual Interest

$

360

$

212

$

743

$

375

Amortization of debt discount and issuance costs

29

Amortization of Final Payment Fee

Total

$

360

$

212

$

743

$

404