Debt (Tables)

12 Months Ended

Dec. 31, 2025

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

- 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.

+ References

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+ Details

Fathom Holdings Inc. 10-K