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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
Note 16
Subsequent Events:

The Company evaluated subsequent events and transactions that occurred after the condensed consolidated balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

In November 2025, the Company entered into the Sixth Amendment to the credit and security agreement with Midcap (see Note 9, Long-Term Debt). The Sixth Amendment provides, among other things, that there shall be no measurement of net revenue for purposes of calculating financial covenant compliance for the quarterly periods ending September 30, 2025, and continuing thereafter through the quarterly period ending September 30, 2026 (the “Pause Period”).  The Sixth Amendment further provides that commencing with the first quarterly period ending after September 30, 2026, and for each quarterly period thereafter, the Company shall not permit net revenue for any applicable quarterly period, as tested quarterly on the last day of the applicable quarter to be less than the minimum revenue required by the credit and security agreement for such quarter.

In October 2025, the Company entered into a Settlement and Mutual Release Agreement (“Theravant Settlement”) with Theravant Corporation (“Theravant”), from which it purchased the TheraClear devices in 2022, pursuant to which the Company was released from its outstanding obligations for contingent consideration. The Company expects to write off the related product technology intangible asset of $0.7 million and derecognize its liability for contingent consideration of $1.2 million in the fourth quarter of 2025.

In October 2025, the Company sold an aggregate of 619,491 shares of its common stock under the equity distribution agreement at an average price of $2.304 per share for total gross and net proceeds of approximately $1.4 million, after which $5.1 million shares of common stock were available to be sold under the distribution agreement.