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

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

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2025


		December 31,
($’s in thousands)		2025			2024
Short-term portion of principal balance		$	—		$	—
Long-term portion of principal balance			25,000			25,000
Principal balance		$	25,000		$	25,000
Plus: Exit fee			1,250			1,250
Less: Debt discount and fees			(973)			(1,371)
Net carry amount		$	25,277		$	24,879

Schedule of carrying value of long-term debt

As of December 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
2026		$	—
2027			10,000
2028			16,250
Total			26,250
Debt discount			(973)
Total, net			25,277
Current portion			—
Term-loan (long-term)		$	25,277

- 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.

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+ Details