| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | Fortress | | Journey | | Total | | Fortress | | Journey | | Total | ($ in thousands) | | 2024 Oaktree Note | | SWK Term Loan | | Notes Payable | | 2024 Oaktree Note | | SWK Term Loan | | Notes Payable | Notes payable, short-term | | $ | — | | $ | 5,000 | | $ | 5,000 | | $ | — | | $ | — | | $ | — | Notes payable, long-term | | | 15,000 | | | 20,000 | | | 35,000 | | | 29,494 | | | 25,000 | | | 54,494 | Total notes payable | | | 15,000 | | | 25,000 | | | 40,000 | | | 29,494 | | | 25,000 | | | 54,494 | Plus: yield protection premium/exit fee | | | 150 | | | 1,250 | | | 1,400 | | | 295 | | | 1,250 | | | 1,545 | Less: Debt discount | | | (1,020) | | | (778) | | | (1,798) | | | (2,649) | | | (973) | | | (3,622) | Total notes payable, net | | $ | 14,130 | | $ | 25,472 | | $ | 39,602 | | $ | 27,140 | | $ | 25,277 | | $ | 52,417 |
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| Interest Expense for all Debt Arrangements |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | 2026 | | 2025 | ($ in thousands) | | Interest | | Fees | | Total | | Interest | | Fees | | Total | 2024 Oaktree note | | $ | 429 | | $ | 124 | | $ | 553 | | $ | 1,330 | | | 320 | | | 1,650 | Partner company notes payable | | | 807 | | | 100 | | | 907 | | | 813 | | | 124 | | | 937 | Partner company contingent call option accretion1 | | | — | | | — | | | — | | | (71) | | | — | | | (71) | Other | | | 16 | | | — | | | 16 | | | 2 | | | — | | | 2 | Total interest expense and financing fee | | $ | 1,252 | | $ | 224 | | $ | 1,476 | | $ | 2,074 | | $ | 444 | | $ | 2,518 |
Note 1: Relates to Urica’s optional repurchase obligation to Crystalys (see Note 3), which expired in 2025. | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | ($ in thousands) | | Interest | | Fees | | Total | | Interest | | Fees | | Total | 2024 Oaktree note | | $ | 1,262 | | $ | 1,630 | | $ | 2,892 | | $ | 2,376 | | $ | 513 | | $ | 2,889 | Partner company convertible preferred shares | | | — | | | — | | | — | | | — | | | — | | | — | Partner company notes payable | | | 1,603 | | | 195 | | | 1,798 | | | 1,603 | | | 225 | | | 1,828 | Partner company contingent call option accretion1 | | | — | | | — | | | — | | | 606 | | | — | | | 606 | Other | | | 155 | | | — | | | 155 | | | 1 | | | — | | | 1 | Total interest expense and financing fee | | $ | 3,020 | | $ | 1,825 | | $ | 4,845 | | $ | 4,586 | | $ | 738 | | $ | 5,324 |
Note 1: Relates to Urica’s optional repurchase obligation to Crystalys (see Note 3), which expired in 2025.
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