The following table presents the activity of the Company's Royalty Financing Agreement balance for the six-month period ended June 30, 2026 and year ended December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Twelve Months Ended
December 31, 2025 | | Royalty Financing Agreement liability - beginning balance | | $ | 164,945 | | | $ | 163,671 | | | Revenue Interest Payments paid and payable | | (13,527) | | | (19,401) | | | Interest expense recognized | | 10,243 | | | 20,675 | | | Royalty Financing Agreement liability - ending balance | | $ | 161,661 | | | $ | 164,945 | | | | | | | | Royalty issuance costs, unamortized - beginning balance | | $ | (2,080) | | | $ | (2,604) | | | Amortization of issuance costs | | 262 | | | 524 | | | | | | | | Royalty issuance costs, unamortized - ending balance | | $ | (1,818) | | | $ | (2,080) | | | Royalty Financing Agreement | | $ | 159,843 | | | $ | 162,865 | |
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