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v3.25.2

Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following table summarizes the significant unobservable inputs used in the fair value measurement of the Royalty Right Agreements:
| Valuation Methodology |  | Significant Unobservable Input |  | Weighted Average (range, if applicable)
|  |  | Discount Rate |  | 15%
Royalty Right Agreements | Probability weighted income approach |  | Probability of Success |  | 75%
|  |  | Projected Years of Payments |  | 2025 | - | 2034
Schedule of Long-Term Debt Instruments | Long-term notes and unamortized debt discount balances are as follows:
| June 30, |  | December 31,
| 2025 |  | 2024
Total Outstanding notes | $ | 45,000 |  |  | $ | 45,000 |
Unamortized discount, including Exit Fee | (10,138) |  |  | (12,646) |
Notes payable, current | (3,149) |  |  | — |
Notes payable, long-term | 31,713 |  |  | 32,354 |
Finance lease | 130 |  |  | 146 |
Notes payable, net | $ | 31,843 |  |  | $ | 32,500 |
| June 30, |  | December 31,
| 2025 |  | 2024
Total Royalty obligations | $ | 56,910 |  |  | $ | 56,922 |
Unamortized discount | (33,835) |  |  | (36,706) |
Current portion of royalty obligation | (364) |  |  | (87) |
Royalty obligations, long term | $ | 22,711 |  |  | $ | 20,129 |
Schedule of Debt Maturity | Scheduled principal payments on the 13.5% Notes as of June 30, 2025 are as follows:
2025 | — |
2026 | 9,540 |
2027 | 14,535 |
2028 | 20,925 |
Total | $ | 45,000 |

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