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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | At September 30, 2025 and December 31, 2024, long-term debt consisted of the following (in thousands):
| September 30, 2025 |  | December 31, 2024
2021 Credit Facility (1) | $ | 16,166 |  |  | $ | 37,362 |
Credit Agreement | — |  |  | 3,700 |
Economic Injury Disaster Loan | 150 |  |  | 150 |
Total long-term debt | 16,316 |  |  | 41,212 |
Add: debt premium | 3,151 |  |  | — |
Less: deferred financing cost (1) | (3,626) |  |  | (4,238) |
Less: debt discount | (93) |  |  | (1,671) |
Total long-term debt, net of deferred financing cost and debt discount | 15,748 |  |  | 35,303 |
Less: current portion | (4,931) |  |  | (3,700) |
Total long-term debt, including debt premium, net of current portion, deferred financing cost and debt discount | $ | 10,817 |  |  | $ | 31,603 |
(1) As of September 30, 2025 and December 31, 2024, amount includes an exit fee of $3.0 million, which due at maturity or prepayment.
Schedule of Components of Interest Expense and Related Fees for Long-Term Debt | The components of interest expense and related fees for long-term debt is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense – 2021 Credit Facility (1) | $ | 769 |  |  | $ | 1,020 |  |  | $ | 3,025 |  |  | $ | 2,975 |
Interest expense – Credit Agreement | 81 |  |  | 206 |  |  | 222 |  |  | 531 |
Interest expense – other | 5 |  |  | 1 |  |  | 14 |  |  | 4 |
Amortization of deferred financing cost and debt discount | 699 |  |  | 186 |  |  | 1,928 |  |  | 558 |
Amortization of debt premium | (450) |  |  | — |  |  | (450) |  |  | — |
Total interest expense and amortization of deferred financing cost and debt discount (premium), net | $ | 1,104 |  |  | $ | 1,413 |  |  | $ | 4,739 |  |  | $ | 4,068 |
(1) For the three and nine months ended September 30, 2025, a portion of the interest expense related to the 2021 Credit Facility was applied against the interest reserve, as described below, and included in amortization of deferred financing cost and debt discount (premium), net in the condensed consolidated statement of cash flows.
Schedule of Future Minimum Payments Related to Long-term Debt | As of September 30, 2025, future minimum payments related to long-term debt are as follows (in thousands):
Remaining 2025 | $ | 3,804 |
2026 | 12,366 |
2027 | 3 |
2028 | 3 |
2029 | 4 |
Thereafter | 136 |
Total | 16,316 |
Add debt premium | 3,151 |
Less current portion | (4,931) |
Less deferred financing cost | (3,626) |
Less debt discount | (93) |
Total long-term debt, including debt premium, net of current portion, deferred financing cost and debt discount | $ | 10,817 |

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