v3.26.1
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2026
LONG-TERM DEBT  
Schedule of discounts recorded related to debt on closing date

  ​ ​ ​

(amounts, in thousands)

Fair value of warrants issued to Avenue Capital Group - 2024

$

690

Fair value of warrants issued to Avenue Capital Group - 2025

 

627

Final fee

 

900

Debt issuance cost

 

498

Commitment fee paid on the Closing Date (1% of the Avenue Capital Group commitment)

 

200

Total discounts recorded at inception against Avenue Capital Group Long-Term Debt

$

2,915

Schedule of Long-term debt

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

  ​ ​ ​

(amounts, in thousands)

Principal amount

  ​ ​ ​

$

17,500

$

17,500

Plus: final payment upon maturity

900

900

Total principal

18,400

18,400

Less: unamortized debt discount

(1,159)

(1,733)

Subtotal

 

17,241

16,667

Less: current maturities, net of debt discount

 

14,149

Long-term debt net of current maturities and debt discount

$

3,092

$

16,667

Schedule of Principal payments of long-term debt

As of June 30, 2026, principal payments of long-term debt are due as follows:

2026

  ​ ​ ​

$

2027

 

18,400

Total

$

18,400