Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest (Tables)

v3.23.1
Debt and Interest (Tables)
3 Months Ended
Mar. 31, 2023
Debt and Interest  
Schedule of Debt

Total debt consists of the following:

​

​

​

​

​

​

​

​

​

​

​

​

​

    

March 31, 

    

December 31,

    

​

    

​

($ in thousands)

​

2023

​

2022

​

Interest rate

​

Maturity

​

​

​

​

​

​

​

​

​

​

Oaktree Note

​

$

50,000

​

$

50,000

 

11.00

%

August - 2025

EWB Term Loan

​

​

20,000

​

​

20,000

​

10.20

%

January - 2026

Runway Note

​

​

31,050

​

​

31,050

​

13.77

%

April - 2027

Less: Discount on notes payable

​

​

(8,736)

​

​

(9,320)

​

​

​

​

Total notes payable

​

$

92,314

​

$

91,730

 

  

 

  

​

Schedule of partner company installment payments - licenses

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

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2023

($ in thousands)

    

Short-term

    

Long-term

    

Total

Partner company installment payments - licenses

​

$

2,563

​

$

1,437

​

$

4,000

Add (Less): imputed interest

​

​

(275)

​

​

13

​

​

(262)

Total partner company installment payments - licenses

​

$

2,288

​

$

1,450

​

$

3,738

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

($ in thousands)

    

Short-term

    

Long-term

    

Total

Partner company installment payments - licenses

​

$

7,563

​

$

1,437

​

$

9,000

Less: imputed interest

​

​

(328)

​

​

(25)

​

​

(353)

Total partner company installment payments - licenses

​

$

7,235

​

$

1,412

​

$

8,647

​

​

​

​

​

​

​

​

​

​

​

Interest Expense for all Debt Arrangements

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

​

2023

​

2022

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

LOC Fees

​

$

75

​

$

—

​

$

75

​

$

15

​

$

—

​

$

15

Oaktree Note

​

​

1,390

​

​

424

​

​

1,814

​

​

1,375

​

​

356

​

​

1,731

Partner company convertible preferred shares

​

​

260

​

​

60

​

​

320

​

​

—

​

​

—

​

​

—

Partner company installment payments - licenses

​

​

91

​

​

—

​

​

91

​

​

203

​

​

—

​

​

203

Partner company notes payable

​

​

1,500

​

​

160

​

​

1,660

​

​

368

​

​

33

​

​

401

Other

​

 

4

​

 

332

​

 

336

​

 

—

​

​

—

​

​

—

Total Interest Expense and Financing Fee

​

$

3,320

​

$

976

​

$

4,296

​

$

1,961

​

$

389

​

$

2,350