Quarterly report [Sections 13 or 15(d)]

Debt and Interest (Tables)

v3.25.2
Debt and Interest (Tables)
6 Months Ended
Jun. 30, 2025
Debt and Interest  
Schedule of Debt

    

June 30, 

December 31,

    

Interest rate at

    

($ in thousands)

2025

2024

June 30, 2025

Maturity

2024 Oaktree Note

$

30,369

$

35,350

 

11.92

%

July 2027

SWK Term Loan

25,000

25,000

14.60

%

December 2027

Less: Discount on notes payable

(1,593)

(2,388)

Current portion of SWK Term Loan

(3,750)

Total notes payable, long term, net

$

50,026

$

57,962

 

  

 

  

Interest Expense for all Debt Arrangements

Three Months Ended June 30, 

2025

2024

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

2024 Oaktree Note

1,330

320

1,650

2020 Oaktree Note

1,390

522

1,912

Partner company convertible preferred shares

(403)

45

(358)

Partner company notes payable

813

124

937

499

64

563

Partner company contingent call option accretion

(71)

(71)

Other

 

2

 

 

2

 

5

 

 

5

Total Interest Expense and Financing Fee

$

2,074

$

444

$

2,518

$

1,491

$

631

$

2,122

Six Months Ended June 30, 

2025

2024

($ in thousands)

    

Interest

    

Fees

    

Total

    

Interest

    

Fees

    

Total

2024 Oaktree Note

$

2,376

$

513

$

2,889

$

$

$

2020 Oaktree Note

2,781

1,024

3,805

Partner company convertible preferred shares

(290)

90

(200)

Partner company notes payable

1,603

225

1,828

985

126

1,111

Partner company contingent call option accretion1

606

606

Other

 

1

 

 

1

 

8

 

8

Total Interest Expense and Financing Fee

$

4,586

$

738

$

5,324

$

3,484

$

1,240

$

4,724

Note 1: Relates to Urica’s optional repurchase obligation to Crystalys (see Note 3).