Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.26.3
Debt (Tables)
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt

Debt consisted of the following:

 

 

September 30,

 

 

December 31,

 

 

2026

 

 

2025

 

 

(In thousands)

 

January Note

 

$

—

 

 

$

6,295

 

February Note 1st Tranche

 

 

—

 

 

 

5,983

 

February Note 2nd Tranche

 

 

—

 

 

 

5,837

 

Secured Notes

 

 

—

 

 

 

3,232

 

2025 Equipment Loan

 

 

7,396

 

 

 

9,668

 

Total

 

$

7,396

 

 

$

31,015

 

Debt — current portion

 

 

3,261

 

 

 

6,305

 

Long-term debt — less current portion

 

$

4,135

 

 

$

24,710

 

Schedule of Future Minimum Aggregate Payments

The future minimum aggregate payments for the above borrowings are equal to the monthly payments made using the repayment price for the Equipment Loan, and are as follows as of September 30, 2026:

 

Year Ending December 31,

 

(In thousands)

 

Remainder of 2026

 

$

933

 

2027

 

 

3,732

 

2028

 

 

3,422

 

Total

 

$

8,087

 

Less: Amount of debt discount to be amortized subsequent to September 30, 2026

 

 

(12

)

Less: Amount of interest to be accrued subsequent to September 30, 2026

 

 

(679

)

Debt as of September 30, 2026

 

$

7,396