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Long-Term Debt, Net (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Summary of Components of Carrying Value of Long-Term Debt

Long-term debt, net consisted of the following (in thousands):

 

 

 

As of
September 30, 2025

 

 

As of
December 31, 2024

 

Long-term debt

 

$

13,245

 

 

$

12,135

 

Cumulative accretion of exit fee

 

 

70

 

 

 

1,544

 

Unamortized debt discount and debt issuance costs

 

 

(239

)

 

 

(191

)

Total debt

 

 

13,076

 

 

 

13,488

 

Less: current portion

 

 

 

 

 

(4,045

)

Long-term debt, net

 

$

13,076

 

 

$

9,443

 

Schedule of Maturities of Term Loan

At September 30, 2025, the scheduled maturities of the Company’s debt obligations were as follows (in thousands):

 

 

 

Amount

 

Remainder of 2025

 

$

 

2026

 

 

 

2027

 

 

 

2028

 

 

5,519

 

2029

 

 

6,623

 

Thereafter

 

 

1,103

 

Total

 

$

13,245