v3.26.1
Outstanding Debt (Tables)
6 Months Ended
Jun. 30, 2026
Outstanding Debt  
Schedule of outstanding debt

The following two tables summarize outstanding debt as of June 30, 2026 and December 31, 2025, respectively (amount in thousands, except per share amounts):

  ​ ​ ​

  ​ ​ ​

Stated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Fair

  ​ ​ ​

Interest

Conversion

Remaining

Value

Carrying

Maturity Date

Rate

Price

Face Value

Debt Discount

Adjustment

Value

Short term convertible notes payable

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

6% unsecured

 

Due

 

6

%  

$

3.09

$

135

$

$

$

135

8% unsecured

July 1, 2026

8

%  

$

0.18

505

505

640

640

Short term convertible notes at fair value

0% unsecured

November 14, 2026

0

%  

Variable

2,000

124

2,124

11% unsecured

Various

11

%  

$0.19 - $0.30

27,840

(10,035)

17,805

12% unsecured

Various

12

%  

$0.18

4,694

(1,983)

2,711

34,534

(11,894)

22,640

Short term notes payable

 

  ​

 

  ​

 

  ​

 

 

  ​

 

 

0% unsecured

On Demand

0

%  

N/A

2,140

2,140

8% unsecured

 

Various

 

8

%  

 

N/A

 

7,795

 

(252)

 

 

7,543

12% unsecured

 

On Demand

 

12

%  

 

N/A

 

563

 

 

 

563

 

10,498

 

(252)

 

 

10,246

Long term convertible notes payable

11% unsecured

Various

11

%  

$0.21 - $0.23

2,369

2,369

2,369

2,369

Long term convertible notes at fair value

9% unsecured

March 4, 2028

9

%  

Variable

3,000

(89)

2,911

11% unsecured

Various

11

%  

$0.19 - $0.23

1,300

(369)

931

4,300

(458)

3,842

Long term notes payable

8% unsecured

 

Various

 

8

%  

 

N/A

 

13,210

 

(974)

 

 

12,236

Ending balance as of June 30, 2026

$

65,551

$

(1,226)

$

(12,352)

$

51,973

  ​ ​ ​

  ​ ​ ​

Stated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Fair

  ​ ​ ​

Interest

Conversion

Remaining

Value

Carrying

Maturity Date

Rate

Price

Face Value

Debt Discount

Adjustment

Value

Short term convertible notes payable

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

6% unsecured

 

Due

 

6

%  

$

3.09

$

135

$

$

$

135

8% unsecured

 

Various

8

%  

$

0.20

505

 

 

505

640

640

Short term convertible notes at fair value

0% unsecured

Various

0

%  

Variable

5,250

1,175

6,425

11% unsecured

Various

11

%  

$0.21 - $0.30

26,815

(5,047)

21,768

12% unsecured

Various

12

%  

$0.19 - $0.21

5,620

(1,757)

3,863

37,685

(5,629)

32,056

Short term notes payable

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

0% unsecured

On Demand

0

%  

N/A

2,140

2,140

8% unsecured

 

Various

 

8

%  

 

N/A

 

6,921

 

(156)

 

 

6,765

12% unsecured

 

On Demand

 

12

%  

 

N/A

 

563

 

 

 

563

 

9,624

 

(156)

 

 

9,468

Long term convertible notes payable

11% unsecured

Various

11

%  

$0.21-$0.22

325

325

325

325

Long term convertible notes at fair value

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

11% unsecured

 

Various

 

11

%  

$0.19-$0.25

 

5,150

 

 

70

 

5,220

 

5,150

70

5,220

Long term notes payable

8% unsecured

Various

8

%  

N/A

13,220

(887)

12,333

Ending balance as of December 31, 2025

$

66,644

$

(1,043)

$

(5,559)

$

60,042