Quarterly report [Sections 13 or 15(d)]

DEBT (Tables)

v3.26.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2026
DEBT  
Schedule of debt obligation

March 31, 

December 31, 

($’s in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

Short-term portion of principal balance

$

2,500

$

Long-term portion of principal balance

22,500

25,000

Principal balance

$

25,000

$

25,000

Plus: Exit fee

 

1,250

 

1,250

Less: Debt discount and fees

(877)

(973)

Net carry amount

$

25,373

$

25,277

Schedule of carrying value of long-term debt

As of March 31, 2026, 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 2026

$

2027

 

10,000

2028

 

16,250

Total

 

26,250

Debt discount

 

(877)

Total, net

 

25,373

Current portion

 

(2,500)

Term-loan (long-term)

$

22,873