v3.25.3
ROYALTY LIABILITY - RELATED PARTIES
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
ROYALTY LIABILITY - RELATED PARTIES ROYALTY LIABILITY - RELATED PARTIES

As of September 30, 2025, the Royalty Liability reflected an effective yield of 16.5 percent and the amount of aggregated, but unpaid, Royalty Payments is $0.6 million. As of December 31, 2024
, the Royalty Liability reflected an effective yield of 16.6 percent.

The following table summarizes the Royalty Liability activity for the nine months ended September 30, 2025:

In ThousandsRoyalty Liability - Related Parties
Balance as of December 31, 2024$199,442 
Interest expense recognized26,075 
Balance as of September 30, 2025$225,517 


The following table summarizes the Royalty Liability activity for the nine months ended September 30, 2024:

In ThousandsRoyalty Liability - Related Parties
Balance as of December 31, 2023$165,252 
Interest expense recognized25,953 
Balance as of September 30, 2024$191,205