v3.26.1
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2026
LONG-TERM DEBT  
Schedule of discounts recorded related to debt on closing date

​

​

​

​

​

​

  ​ ​ ​

(amounts, in thousands)

Fair value of warrants issued to Avenue Capital Group - 2024

​

$

690

Fair value of warrants issued to Avenue Capital Group - 2025

​

 

627

Final fee

​

 

900

Debt issuance cost

​

 

498

Commitment fee paid on the Closing Date (1% of the Avenue Capital Group commitment)

​

 

200

Total discounts recorded at inception against Avenue Capital Group Long-Term Debt

​

$

2,915

Schedule of Long-term debt

​

​

​

​

​

​

​

​

​

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

​

  ​ ​ ​

(amounts, in thousands)

Principal amount

  ​ ​ ​

$

17,500

​

$

17,500

Plus: final payment upon maturity

​

​

900

​

​

900

Total principal

​

​

18,400

​

​

18,400

Less: unamortized debt discount

​

​

(1,159)

​

​

(1,733)

Subtotal

​

 

17,241

​

​

16,667

Less: current maturities, net of debt discount

​

 

14,149

​

​

—

Long-term debt net of current maturities and debt discount

​

$

3,092

​

$

16,667

Schedule of Principal payments of long-term debt

As of June 30, 2026, principal payments of long-term debt are due as follows:

​

​

​

​

2026

  ​ ​ ​

$

—

2027

​

 

18,400

Total

​

$

18,400