As of September 30, 2026, the Company's carrying value of long-term debt and recognized deferred charges on the condensed consolidated balance sheets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | | | | | | | | | | | | | | | | | | Non-current liabilities | | | September 30, 2026 | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Principal amount | | | $ | 100,000 | | | $ | 75,000 | | | | | | | | | | | | | | | Accreted present value of End of Term Charge | | | 5,205 | | | 3,618 | | | | | | | | | | | | | | | Less: Unamortized debt discount, issuance costs, and End of Term Charge | | | (5,195) | | | (4,518) | | | | | | | | | | | | | | | Carrying value | | | $ | 100,010 | | | $ | 74,100 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-current assets | | | | | | | | | | | | | | | | | | | Deferred charges - long-term debt | | | $ | 1,345 | | | $ | 587 | | | | | | | | | | | | | | | Total | | | $ | 1,345 | | | $ | 587 | | | | | | | | | | | | | | |
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