Debt (Tables)

6 Months Ended

Jun. 30, 2026

The Company’s debt consisted of:

(In thousands)	June 30, 2026			December 31, 2025
Related party debt:
Convertible Notes	$	72,000		$	72,000
Total related party debt		72,000			72,000
Less: current portion		(72,000	)		(27,000	)
Related party debt, net of current	$	—		$	45,000

Short-term debt:
PPP Loan	$	623		$	620
Convertible Note - Current		—			1
Total short-term debt	$	623		$	621

Long-term debt:
Convertible Note	$	8,000			8,000
Total long-term debt		8,000			8,000
Less: current portion		(8,000	)		(3,000	)
Long-term debt, net of current	$	—		$	5,000

As of June 30, 2026, future minimum principal payments on all debt positions, excluding accrued interest amounts, were as follows:

Years ending December 31 (In thousands)
Remaining 2026	$	30,623
2027		50,000
Total future payments	$	80,623