DEBT (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Outstanding Debt and Interest Expense

Outstanding debt consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Principal value of Term Loan, including Final Payment of $1,635	$	26,648	$	31,635
Fair value of bifurcated embedded derivatives	480		1,430
Unamortized debt discount	(856)		(1,904)
Total	26,272		31,161
Less: debt, short-term	20,404		8,765
Total debt, long-term	$	5,868	$	22,396

The following table provides the components of interest expense (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Interest expense based on the coupon interest rate of the outstanding debt	$	659	$	739	$	2,114	$	2,195
Accretion of debt discount	340		329		1,048		942
Total interest expense related to debt	$	999	$	1,068	$	3,162	$	3,137

Schedule of Aggregate Principal Payments

As of September 30, 2026, the aggregate principal payments due for the Term Loan are as follows (in thousands):


Remainder of 2026	$	5,117
2027	21,531
Total principal payments due for Term Loan	$	26,648

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details