DEBT (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table provides information on the Company’s debt agreements as of June 30, 2025 and December 31, 2024:

$ in thousands							Balance as of:
Note	Loan Date	Maturity Date	Interest Rate		Amount Financed		June 30, 2025		December 31, 2024
Senior Unsecured Notes	October 2021/December 2021	October 2026	8.5	%	$	72,200	$	58,275	$	68,541
Total Debt							58,275		68,541
Less: Debt premium (discount) and issue costs							5,000		(473)
Total debt at book value							63,275		68,068
Less: Current portion							—		—
Long-term debt, net of current portion and deferred financing fees							$	63,275	$	68,068

Schedule of Interest Expense

The following table details our interest expense related to the Senior Notes and the Equity Interest Payment Agreement (defined below) (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Contractual interest expense on Senior Notes	$	1,295	$	1,534	$	2,730	$	3,069
Amortization of debt (premium) discount and issuance costs	(655)		261		(738)		529
Total interest expense on Senior Notes	$	640	$	1,795	$	1,992	$	3,598
Interest expense on Equity Interest Payment Agreement	117		—		1,621		—
Other interest expense	1		10		—		9
Total interest expense	$	758	$	1,805	$	3,613	$	3,607

Schedule of Minimum Future Principal Payments on Debt

Minimum future principal payments on debt at June 30, 2025 were as follows:

$ in thousands
Remainder of 2025	$	—
2026	58,275
2027	—
2028	—
2029	—
Total	$	58,275