Quarterly report [Sections 13 or 15(d)]

Debt and Interest (Tables)

v3.25.1
Debt and Interest (Tables)
3 Months Ended
Mar. 31, 2025
Debt and Interest  
Schedule of Debt

    

March 31, 

December 31,

    

Interest rate at

    

($ in thousands)

2025

2024

March 31, 2025

Maturity

2024 Oaktree Note

$

35,350

$

35,350

 

11.95

%

July 2027

SWK Term Loan

25,000

25,000

14.60

%

December 2027

Less: Discount on notes payable

(2,093)

(2,388)

Current portion of SWK Term Loan

(1,875)

Total notes payable, long term, net

$

56,382

$

57,962

 

  

 

  

Interest Expense for all Debt Arrangements

Three Months Ended March 31, 

2025

2024

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

2024 Oaktree Note

$

1,046

$

193

$

1,239

$

$

$

2020 Oaktree Note

1,390

502

1,892

Partner company convertible preferred shares

113

45

158

Partner company notes payable

789

102

891

486

62

548

Partner company contingent call option accretion1

677

677

Other

 

(2)

 

 

(2)

 

4

 

4

Total Interest Expense and Financing Fee

$

2,510

$

295

$

2,805

$

1,993

$

609

$

2,602