v3.26.1
Long Term Debt, Revolving Credit Facility and Senior Secured Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Secured Debt
The following table summarizes outstanding debt at June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
(in thousands)PrincipalDebt Issuance CostsCarrying ValuePrincipalDebt Issuance CostsCarrying Value
Secured term loan
$18,687 $(166)$18,521 $21,562 $(257)$21,305 
Secured revolving credit facility
$655 $(49)$606 $655 $(68)$587 
Schedule of Maturities of Long-Term Debt Future principal payments on the Term Loan and Revolver are due as follows:
(in thousands)Term LoanRevolver
2026$2,875 $- 
20275,750 655 
20285,750 - 
20294,312 - 
Total Principal Payments$18,687 $655 
Unamortized Debt Issuance Costs 1
(166)- 
Balance Sheet Carrying Amount$18,521 $655 
Balance sheet classification:
Current maturities of the Term Loan$5,750 $- 
Debt issuance costs, current portion 2
(151)- 
Current portion, net of debt issuance costs$5,599 $- 
Non-current principal$12,938 $655 
Non-current debt issuance costs(16)- 
Long-term debt, net of current maturities$12,922 $655 

1 Debt issuance costs associated with the Revolver of $49 thousand are presented as a non-current asset on the condensed consolidated balance sheets, rather than as a reduction to the Revolver liability, in accordance with the Company's accounting policy. As a result, the carrying value of the Revolver in the table above equals its outstanding principal balance.
2 Represents the portion of debt issuance costs being amortized against the current year's principal payments.