XML 51 R31.htm IDEA: XBRL DOCUMENT
v3.25.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Net Carrying Amount of Debt | The 2029 Senior Secured Notes, net consists of the following (in thousands):
| December 31,
| 2025 |  | 2024
Principal gross amount | $ | 40,879 |  |  | $ | 40,879 |
Add: unamortized debt premium | 1,247 |  |  | 1,621 |
Less: unamortized issuance costs | (515) |  |  | (670) |
Net carrying amount | $ | 41,611 |  |  | $ | 41,830 |
The 2025 Convertible Notes as of December 31, 2024 consisted of the following (in thousands):
| December 31, 2024
Principal | $ | 14,949 |
Less: unamortized debt discount | (25) |
Less: unamortized issuance costs | (19) |
Net carrying amount | $ | 14,905 |
Schedule of Interest Expense | The following table sets forth total interest expense, annualized effective interest rate, and interest expense related to related parties, if applicable, for each of the debt instruments detailed above (in thousands, except for percentages):
| Year Ended December 31,
| 2025 |  | 2024
2029 Senior Secured Notes |  |  |
Contractual interest expense | $ | 3,679 |  |  | $ | 562 |
Amortization of debt issuance costs | 154 |  |  | 24 |
Amortization of debt discount/premium | (373) |  |  | (57) |
Total interest expense | $ | 3,460 |  |  | $ | 529 |
Related party interest expense | $ | 2,689 |  |  | 411 |
Working Capital Facility |  |  |
Contractual interest expense | $ | 15 |  |  | $ | — |
Amortization of debt issuance costs | 19 |  |  | — |
Total interest expense | $ | 34 |  |  | $ | — |
2025 Convertible Notes |  |  |
Contractual interest expense | $ | 163 |  |  | $ | 3,912 |
Amortization of debt issuance costs | 20 |  |  | 489 |
Amortization of debt discount/premium | 25 |  |  | 614 |
Total interest expense | $ | 208 |  |  | $ | 5,015 |
Related party interest expense | $ | — |  |  | $ | 2,847 |
Short-Term Loan |  |  |
Contractual interest expense | $ | — |  |  | 1,391 |
Amortization of debt discount/premium | — |  |  | 3,330 |
Total interest expense | $ | — |  |  | $ | 4,721 |
Related party interest expense | $ | — |  |  | 4,721 |
Prior Credit Facility |  |  |
Contractual interest expense | $ | — |  |  | $ | 312 |
Accretion of exit fee | — |  |  | 75 |
Amortization of debt issuance costs | — |  |  | 117 |
Total interest expense | $ | — |  |  | $ | 504 |
Other interest expense | 69 |  |  | 137 |
Consolidated interest expense | $ | 3,771 |  |  | $ | 10,906 |

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 interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration