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v3.25.2

Related Party Transactions (Details) $ in Thousands |  |  |  |  |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jul. 02, 2025 USD ($) | May 12, 2025 USD ($) | Mar. 26, 2025 USD ($) | Nov. 14, 2024 USD ($) | Mar. 22, 2024 USD ($) D | Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Aug. 13, 2024 USD ($)
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Repayment of Debt |  |  |  |  |  | $ 0 |  | $ 1,800 |  |
Interest Expense |  |  |  |  |  |  |  | 128 | $ 25 |
Underutilization fees |  |  |  |  |  | 900 | $ 100 | 900 | 100 |
Interest repaid |  |  |  |  |  |  |  | (693) | (25) |
Amount drawn from credit facility |  |  |  |  |  |  |  |  | 3,875 |
Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Interest Expense |  |  |  |  |  | 100 | 50 | 100 | 50 |
Underutilization fees |  |  |  |  |  | 700 | 200 | 1,200 | 200 |
Interest repaid |  |  |  |  |  | 100 | 0 | 200 | 25 |
Related party | Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Underutilization fees | $ 100 |  |  |  |  |  |  |  |  |
Interest repaid | 1,200 |  |  |  |  |  |  |  |  |
Amount drawn from credit facility | $ 2,500 |  |  |  |  |  |  |  |  |
Robertsbridge Consultants Limited | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Amount payable |  |  |  |  |  | $ 0 |  | $ 0 |  |
Accounts Payable, Related Party [Extensible Enumeration] |  |  |  |  |  | Robertsbridge Consultants Limited |  | Robertsbridge Consultants Limited |  |
Robertsbridge Consultants Limited | Related party | General and administration expenses |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Professional and consulting fees |  |  |  |  |  | $ 5 | 5 | $ 5 | 36 |
Gerard Barron and ERAS Capital LLC | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 44,000 | $ 38,000 |  |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  |  | $ 20,000 |  |  |  |  |
Repayment of Debt |  |  |  |  |  |  | 0 |  | 0 |
Amount drawn from credit facility |  |  |  |  |  |  | $ 3,900 |  | $ 3,900 |
Gerard Barron and ERAS Capital LLC | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  |  |  |  |  |  |  | $ 25,000
Number of days average considered for basis spread | D |  |  |  |  | 180 |  |  |  |  |
Interest rate |  |  |  |  | 4.00% |  |  |  |  |
Interest paid in kind at maturity |  |  |  |  | 5.00% |  |  |  |  |
Underutilization fee (in percentage) |  |  |  | 6.50% | 4.00% |  |  |  |  |
Credit Facility, expiration date |  |  | Jun. 30, 2026 | Dec. 31, 2025 |  |  |  |  |  |
Gerard Barron | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  |  | $ 10,000 |  |  |  |  |
Gerard Barron | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 22,000 | $ 19,000 |  |  |  |  |  | 12,500
ERAS Capital LLC | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  |  | $ 10,000 |  |  |  |  |
ERAS Capital LLC | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 22,000 | $ 19,000 |  |  |  |  |  | $ 12,500
2025 Registered Direct Offering |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Gross proceeds from issuance |  | $ 37,000 |  |  |  |  |  |  |  |
2025 Registered Direct Offering | Director |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Gross proceeds from issuance |  |  |  |  |  |  |  | $ 10,000 |  |

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