Journey Medical Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

DEBT (Tables)

DEBT (Tables)

3 Months Ended

Mar. 31, 2025


	March 31,		December 31,
($’s in thousands)	2025		2024

Short-term portion of principal balance	$	1,875	$	—
Long-term portion of principal balance		23,125		25,000
Principal balance	$	25,000	$	25,000
Plus: Exit fee		1,250		1,250
Less: Debt discount and fees	$	(1,270)	$	(1,371)
Net carry amount	$	24,980	$	24,879

Schedule of carrying value of long-term debt

As of March 31, 2025, the contractual maturities of the long-term debt, including the payment of the exit fee, are as follows (dollars in thousands):


Years ending December 31,	Term Loan
Remainder of 2025	$	—
2026		7,500
2027		18,750
Total		26,250
Debt discount		(1,270)
Total, net		24,980
Current portion		(1,875)
Term-loan (long-term)	$	23,105

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details