Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Company's related-party Term Debt:

	As of December 31, 2025						As of December 31, 2024
	Principal Balance		Unamortized Discount and Debt Issuance Costs		Carrying Value		Principal Balance		Unamortized Discount and Debt Issuance Costs		Carrying Value
Senior Secured Notes, effective interest rate of 10.1% as of December 31, 2025, as amended, and 10.1% as of December 31, 2024	$	55,328	$	(80)	$	55,248	$	62,691	$	(181)	$	62,510
Delayed Draw Term Notes, effective interest rate of 12.6% as of December 31, 2025, as amended, and 10.2% as of December 31, 2024	3,531		(9)		3,522		4,000		(21)		3,979
2022 Bridge Notes, effective interest rate of 11.5% as of December 31, 2025, as amended, and 10.2% as of December 31, 2024	31,772		(24)		31,748		36,000		(53)		35,947
2023 Notes, effective interest rate of 12.4% as of December 31, 2025, as amended, and 14.2% December 31, 2024	7,060		–		7,060		8,000		–		8,000
Total	$	97,691	$	(113)	$	97,578	$	110,691	$	(255)	$	110,436

Summary of Interest Expense

The following table represents interest expense:

	Years Ended December 31,
	2025		2024
Amortization of debt costs:
Line of credit	$	–	$	418
Term Debt (related party)	142		240
Total amortization of debt costs	142		658
Cash paid interest:
Simplify Loan (related party)	315		585
Line of credit	–		1,706
Term Debt (related party)	11,223		11,251
Other	13		471
Total cash paid interest (1)	11,551		14,013
Less: Interest Income	(335)		(3)
Total interest expense, net	$	11,358	$	14,668

(1) During the year ended December 31, 2024, the Company paid cash interest of $3,824 that was accrued at December 31, 2023.