XML 34 R22.htm IDEA: XBRL DOCUMENT v3.25.3
Long-Term Debt (Tables)
 9 Months Ended
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, 2025December 31, 2024
2021 Credit Facility (1)
$16,166 $37,362 
Credit Agreement— 3,700 
Economic Injury Disaster Loan150 150 
Total long-term debt16,316 41,212 
Add: debt premium3,151 — 
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 discount15,748 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,
2025202420252024
Interest expense – 2021 Credit Facility (1)
$769 $1,020 $3,025 $2,975 
Interest expense – Credit Agreement81 206 222 531 
Interest expense – other5 1 14 4 
Amortization of deferred financing cost and debt discount699 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 
202612,366 
20273 
20283 
20294 
Thereafter136 
Total16,316 
Add debt premium3,151 
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