Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The Company accounts for the amortization of the debt discount and issuance costs utilizing the effective interest method. Long-term debt consisted of the following at December 31, 2025 (in thousands):

	December 31, 2025
Face value of debt	$	40,000
Add: payment in-kind interest	1,185
Add: amortized exit fee	334
Less: unamortized debt discount	(983)
Less: unamortized debt issuance costs	(431)
Total long-term debt	$	40,105

Schedule of Maturities of Long-Term Debt

The future principal payments under the Innovatus Loan are as follows (in thousands):

Years Ending December 31,
2026	$	—
2027	17,566
2028	21,080
2029	3,513
Total principal payments	42,159
Add: amortized exit fee	334
Less: uncapitalized payment in-kind interest	(974)
Less: unamortized debt discount	(983)
Less: unamortized debt issuance costs	(431)
Total long-term debt	$	40,105