Debt (Tables)

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

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 September 30, 2026 (in thousands):

	September 30, 2026
Face value of debt	$	40,000
Add: payment in-kind interest	1,808
Add: amortized exit fee	538
Less: unamortized debt discount	(743)
Less: unamortized debt issuance cost	(325)
Total debt	41,278
Current portion of long-term debt	(11,793)
Long-term debt	$	29,485

Maturities of Long-Term Debt

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

Years Ending December 31,
2026 (remaining 3 months)	$	—
2027	17,566
2028	21,080
2029	3,513
Total principal payments	42,159
Add: amortized exit fee	538
Less: uncapitalized payment in-kind interest	(351)
Less: unamortized debt discount	(743)
Less: unamortized debt issuance cost	(325)
Total debt	$	41,278