Loan and Security Agreement (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Outstanding Debt and Unamortized Debt Discount Balances

Long-term debt and unamortized debt discount balances are as follows:


	March 31, 2026			December 31, 2025
Total outstanding debt, long-term	$	120,000		$	120,000
Add: accreted final payment fee		—			—
Less: unamortized debt discount, long-term		(2,150	)		(2,254	)
Loan payable, long-term	$	117,850		$	117,746

Schedule of Interest Expense and Amortization of Final Payment Fee, and Amortization of Debt Discount Related to Issuance Costs and Warrants

Interest expense, amortization of the final payment fee, and amortization of the debt discount related to the issuance costs and warrants for the Company’s debt are as follows:


	Three months ended March 31,
	2026		2025
Interest expense	$	2,768	$	4,478
Amortization of final payment fee		—		393
Amortization of debt discount related issuance costs and warrants		159		274

Schedule of Principal Payments

Scheduled principal payments on outstanding debt, long-term, as of March 31, 2026, are as follows:


2026	$	—
2027		—
2028		—
2029		—
2030		120,000
Thereafter		—
Total principal payments outstanding	$	120,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Axsome Therapeutics, Inc. 10-Q