Royalty Purchase and Sale Agreement (Tables)

9 Months Ended

Sep. 30, 2024

Royalty Purchase and Sale Agreement

Schedule of activity of the HCR agreement

The following table summarizes the activity of the HCR Agreement (in thousands):

Royalty purchase and sale agreement balance at December 31, 2023	$	37,079
Payments		(1,989)
Non-cash interest expense		5,852
October 1st payment included in accounts payable and accrued expenses		(359)
Balance at September 30, 2024	$	40,583
Effective interest rate		20.90	%