v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt and Interest Expense
Outstanding debt consisted of the following (in thousands):
June 30, 2026December 31, 2025
Principal value of Term Loan, including Final Payment of $1,635
$31,635 $31,635 
Fair value of bifurcated embedded derivatives1,130 1,430 
Unamortized debt discount(1,196)(1,904)
Total31,56931,161
Less: debt, short-term19,6738,765
Total debt, long-term$11,896$22,396
The following table provides the components of interest expense (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Interest expense based on the coupon interest rate of the outstanding debt$732 $732 $1,455$1,456
Accretion of debt discount362 314 708613
Total interest expense related to debt$1,094 $1,046 $2,163$2,069
Schedule of Aggregate Principal Payments
As of June 30, 2026, the aggregate principal payments due for the Term Loan by year are as follows (in thousands):

Year ended December 31, 2026$10,104 
Year ended December 31, 202721,531 
Total principal payments due for Term Loan$31,635