Royalty Financing Obligation (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Royalty Financing Obligation

The following table shows the activity within the royalty financing obligation account:


Royalty Financing Obligation:	September 30, 2025		December 31, 2024
Royalty financing obligation – beginning balance	$	37,139	$	33,490

Accretion of imputed interest expense on royalty financing obligation	7,008		10,830
Less: royalty payments made to RTW	(6,414)		(5,181)
Less: one-time payment for expiration of second tranche	—		(2,000)
Royalty financing obligation – ending balance	37,733		37,139
Less: royalty payable to RTW classified within accrued expenses	(2,905)		(1,890)
Royalty financing obligation, non-current	$	34,828	$	35,249

- 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.

+ References

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+ Details