Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

v3.26.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt consisted of the following at the dates indicated (amounts in thousands):
December 31,
2025		 December 31,
2024
3.75% Small Business Administration installment loan due May 2050
 $ 102  $ 109 
Convertible note payable, less unamortized costs $29
 5,000  8,471 
Promissory note 53  226 
Revolving credit line —  197 
Director and Officer (D&O) insurance policy promissory note1
102 135
Executive and Officer (E&O) insurance policy promissory note2
329  338 
Total debt 5,586  9,476 
Long-term debt, current portion (5,506) (4,389)
Long-term debt, net of current portion $ 80  $ 5,087 
(1) The 2025 D&O note carries a 7.80% interest rate and is payable quarterly with the last quarterly payment due in June 2026. The 2024 D&O note carried a 7.35% interest rate and final payment was made in August 2025.
(2) The October 2025 E&O note carries 12.25% interest rate and is payable monthly with the last monthly payment being due in August 2026. The October 2024 E&O note carried a 13.5% interest rate and final payment was made in August 2025.
Schedule of Debt Maturities and Principal Amortization
Debt maturities and principal amortization of our consolidated existing debt as of December 31, 2025 for the next five years and thereafter are as follows (amounts in thousands):

Calendar Year Amount
2026 $ 5,506 
2027 — 
2028 — 
2029 — 
2030 — 
Thereafter 80
Total $ 5,586