v3.26.1
Loan Payable
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Loan Payable

6. LOAN PAYABLE

On April 8, 2025, the Company repaid in full all outstanding obligations under its Loan Agreement with Oxford Finance LLC (the "Lender" or "Oxford"), including accrued interest and applicable exit fees, using cash on hand. In connection with the repayment, the Company paid an aggregate of approximately $3.5 million, including an exit fee of approximately $0.6 million. The Loan Agreement was terminated in accordance with its terms, and all liens and security interests granted thereunder were released.

As of June 30, 2026 and December 31, 2025, the Company had no outstanding borrowings or other obligations under the Loan Agreement.