v3.26.1
Borrowings (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Borrowings
MaturitiesJune 30, 2026Interest RatesDecember 31, 2025Interest Rates
(in thousands)
Series 1 Promissory Notes
2026
$— 0.0%$122 15.00%
Related party convertible notes
2026
4,407 
4.00% - 15%
4,331 
Convertible debentures2026— 
0.0% - 5%
5,572 
Term convertible notes20268,026 4.00%7,890 
WTI Facility202816,521 
13.50%
19,441 
13.50%
Total Notes Payable
28,954 37,356 
Less: unamortized debt discount(2,912)(3,962)
Less: current portion of related party convertible notes(4,407)(4,331)
Less: current portion of notes payable(7,700)(12,846)
Less: current portion of convertible notes(8,026)(7,890)
Total Long-term Notes
$5,909 $8,327 
Schedule of Maturity of Borrowings
The Company’s notes payable, excluding debt issuance costs, mature as follows (in thousands):
Amount
2026 (remaining six months)$16,149 
20278,244 
20284,561 
Total Debt$28,954 
Schedule of Extensions of Promissory Notes
Extensions on Series 1 Promissory Notes were as follows (in thousands):
June 30, 2026December 31, 2025
Principal amount of 2nd extension promissory notes$— $122 
Schedule of Interest Expense
Interest expense on Series 1 Promissory Notes was as follows (in thousands):
Three Months endedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Interest attributable to contractual interest$— $16 $1 $48 
Interest expense on this facility was as follows (in thousands):
Three Months endedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Interest attributable to contractual interest$398 $683 $1,035 $1,358 
Interest attributable to amortization of issuance costs and discounts412 348 1,050 856 
Total interest expense$810 $1,031 $2,085 $2,214 
Interest expense on the Convertible Debentures was as follows (in thousands):
Three Months endedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Interest attributable to contractual interest— — $94 $— 
Interest attributable to amortization of issuance costs
— 1,701 — 1,701 
Total interest expense$— $1,701 $94 $1,701