v3.26.1
Notes Payable (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Notes Payable Notes payable consist of the following (in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Maturity

 

Effective
Interest Rate

 

Amount

 

 

Effective Interest Rate

 

Amount

 

Collateralized note 2025-06

 

2030

 

9.74%

 

$

75,000

 

 

9.85%

 

$

75,000

 

Total borrowings

 

 

 

 

 

 

75,000

 

 

 

 

 

75,000

 

Accrued exit fees net of unamortized issuance costs

 

 

 

 

 

 

228

 

 

 

 

 

(162

)

Net carrying amount of debt

 

 

 

 

 

$

75,228

 

 

 

 

$

74,838

 

Schedule Principal Installments Due

Principal installments due on the notes are as follows (in thousands):

2026 (remaining)

 

$

 

2027

 

 

 

2028

 

 

 

2029

 

 

34,091

 

2030

 

 

40,909

 

Total long-term debt

 

$

75,000