XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.25.1

Long-Term Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Long-Term Debt |
Schedule of long-term debt | The following table summarizes the impact of the initial term loan on the Company’s condensed consolidated balance sheet as of March 31, 2025 (in thousands):
​ | ​ | ​ | ​
​ |  | March 31, 2025
Gross principal | ​ | $ | 130,000
Principal repayments | ​ | ​ | (11,969)
Unaccreted debt discount and debt issuance costs | ​ | ​ | (4,400)
Total carrying value net of principal repayments, unaccreted debt discount, and debt issuance costs | ​ | ​ | 113,631
Less: current portion of long-term debt | ​ | ​ | (13,697)
Long-term debt | ​ | $ | 99,934
Schedule of projected future principal payments of initial term loan | Aggregate projected future principal payments of the initial term loan as of March 31, 2025, are as follows (in thousands):
​ | ​ | ​ | ​
Year Ending December 31, | ​ | Payments
2025 (excluding the three months ended March 31, 2025) | ​ | ​ | 7,356
2026 |  | ​ | 18,217
2027 |  | ​ | 24,550
2028 | ​ | ​ | 30,655
2029 | ​ | ​ | 36,628
Thereafter |  | ​ | 626
Total payments | ​ | $ | 118,032
Schedule of interest expense | Accretion of debt discounts and issuance costs are included in interest expense. Interest expense in the condensed consolidated statements of operations for the three months ended March 31, 2025 and 2024 relates to the initial term loan (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
​ | ​ | 2025 | ​ | 2024 | ​
Accrued interest expense | ​ | $ | 3,040 | ​ | $ | 3,245 | ​
Accretion of debt discount and debt issuance costs | ​ |  | 427 | ​ |  | 306 |
Total interest expense | ​ | $ | 3,467 | ​ | $ | 3,551 | ​
​

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of accretion of debt discounts and issuance costs included in interest expense. + References No definition available. + Details
Name: | xoma_ScheduleOfAccretionOfDebtDiscountsAndIssuanceCostsIncludedInInterestExpenseTableTextBlock
Namespace Prefix: | xoma_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration