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Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of future principal debt payments and exit fee

Future principal debt payments and Exit Fee of the term loan funded as of March 31, 2026 are as follows (in thousands):

2026 (remainder of year)			$	—
2027			6,858
2028			7,467
2029			675
Total principal payments			15,000
Exit Fee			1,815
Deferred interest			235
Total principal payments and Exit Fee			17,050
Less: unamortized debt discount			(1,029)
Less: Term loan, current portion			$	(2,136)
Term loan, non-current			$	13,885

Future principal debt payments of the Convertible Grant Agreement funded as of March 31, 2026 are as follows (in thousands):

2026 (remainder of year)			$	—
2027			—
2028			—
2029			2,000
Term loan, non-current			$	2,000

Schedule of change in the air value of the Convertible Grant Agreement

The following table reconciles the change in fair value of the Convertible Grant Agreement during the three months ended March 31, 2026 (in thousands):

Fair value balance as of December 31, 2025			$	2,227
Issuance of new tranches			—
Principal payments			—
Changes in fair value reported in statements of operations			115
Changes in fair value reported in other comprehensive loss			(7)
Fair value balance as of March 31, 2026			$	2,335

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- 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

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