Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT (Tables)

v3.25.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2024
DEBT  
Schedule of debt obligation

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December 31,

​

December 31,

($’s in thousands)

    

2024

    

2023

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Principal balance

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$

25,000

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$

15,000

Plus: Exit fee

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1,250

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​

750

Less: Debt discount and fees

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$

(1,371)

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$

(1,128)

Net carry amount (Long-term)

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$

24,879

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$

14,622

Schedule of carrying value of long-term debt the contractual maturities of the long-term debt, including the payment of the exit fee, are as follows (dollars in thousands):

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Years ending December 31,

    

Term Loan

2025

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$

—

2026

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7,500

2027

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18,750

Total

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26,250

Debt discount

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(1,371)

Total, net

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24,879

Current portion

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—

Term-loan (long-term)

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$

24,879

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