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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events to determine if events or transactions occurring through the filing date of this Quarterly Report on Form 10-Q require adjustment to or disclosure in the Company’s Financial Statements. There were no events that require adjustment to or disclosure in the Financial Statements, except as disclosed below and elsewhere herein.
In August 2026, the Company entered into a loan agreement pursuant to which it may provide up to $2,500 to a third party, which was funded in full. Borrowings under this loan agreement bear interest at a rate of 20% per annum and are secured by substantially all of the then-current and future assets and equity interests of the borrower. This loan agreement has a ten-year maturity, provides for customary events of default, and contains certain covenants and other restrictions. Additionally, the parties entered into a consulting agreement, pursuant to which the Company will provide consulting and advisory services to the third party for a monthly fee, and a mutually beneficial supply agreement. The parties also entered into an agreement that provides the Company the ability to acquire a direct ownership interest in the underlying entity, subject to regulatory approval.