The carrying values of the borrowings pursuant to the Original Offering as of June 30, 2026 and December 31, 2025 are summarized below (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Principal outstanding | $ | 1,500 | | | $ | 1,500 | | | Plus: accrued interest | 309 | | | 259 | | | Less: unamortized debt issuance costs | (60) | | | (68) | | | Carrying value, net | 1,749 | | | 1,691 | | | Less: current portion of long term debt | (20) | | | — | | | Long term debt, net of current portion | $ | 1,729 | | | $ | 1,691 | |
The carrying values of the borrowings pursuant to the Loan and Security Agreement as of June 30, 2026 and December 31, 2024 are summarized below (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Principal outstanding | $ | — | | | 30,000 | | | | | | | Less: unamortized debt issuance costs | — | | | (2,899) | | | Carrying value, net | $ | — | | | $ | 27,101 | | | Less: current portion of long term debt | $ | — | | | $ | (1,250) | | | Long term debt, net of current portion | — | | | 25,851 | |
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