Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest (Tables)

v3.22.2.2
Debt and Interest (Tables)
9 Months Ended
Sep. 30, 2022
Debt and Interest  
Schedule of Debt

Total debt consists of the following:

    

September 30, 

    

December 31,

    

    

($ in thousands)

2022

2021

Interest rate

Maturity

Oaktree Note

$

50,000

$

60,450

 

11.00

%

August - 2025

EWB term loan

20,000

8.38

%

January - 2026

Runway Note

31,050

11.69

%

April - 2027

Less: Discount on notes payable

(9,885)

(7,063)

Repayment of Oaktree Note

(10,450)

Total notes payable

$

91,165

$

42,937

 

  

 

  

Schedule of partner company installment payments - licenses

The following tables show the details of partner company installment payments – licenses for the periods presented.

September 30, 2022

($ in thousands)

    

Short-term

    

Long-term

    

Total

Partner company installment payments - licenses

$

9,563

$

1,437

$

11,000

Less: imputed interest

(441)

(63)

(504)

Total partner company installment payments - licenses

$

9,122

$

1,374

$

10,496

December 31, 2021

($ in thousands)

    

Short-term

    

Long-term

    

Total

Partner company installment payments - licenses

$

5,000

$

4,000

$

9,000

Less: imputed interest

(490)

(373)

(863)

Total partner company installment payments - licenses

$

4,510

$

3,627

$

8,137

Interest Expense for all Debt Arrangements

Three Months Ended September 30, 

2022

2021

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

LOC Fees

$

11

$

$

11

$

14

$

$

14

Oaktree Note

1,406

395

1,801

2,136

342

2,478

Partner company convertible preferred shares

1,034

378

1,412

Partner company dividend payable

365

365

Partner company installment payments - licenses

201

201

175

175

Partner company notes payable

1,221

159

1,380

Total Interest Expense and Financing Fee

$

2,839

$

554

$

3,393

$

3,724

$

720

$

4,444

Nine Months Ended September 30, 

2022

2021

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

LOC Fees

$

37

$

$

37

$

37

$

$

37

Oaktree Note

4,171

1,126

5,297

5,455

975

6,430

Partner company convertible preferred shares

1,034

648

1,682

Partner company dividend payable

628

628

Partner company installment payments - licenses

619

619

616

616

Partner company notes payable

2,570

374

2,944

Total Interest Expense and Financing Fee

$

7,397

$

1,500

$

8,897

$

7,770

$

1,623

$

9,393