| Schedule of Debt |
Total debt consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
|
($ in thousands) |
|
2024 |
|
2023 |
|
Interest rate |
|
Maturity |
|
|
|
|
|
|
|
|
|
|
Oaktree Note |
|
$ |
50,000 |
|
$ |
50,000 |
|
11.0 |
% |
August - 2025 |
SWK Term Loan |
|
|
20,000 |
|
|
15,000 |
|
14.9 |
% |
December - 2027 |
Less: Discount on notes payable |
|
|
(2,993) |
|
|
(4,144) |
|
|
|
|
Total notes payable |
|
$ |
67,007 |
|
$ |
60,856 |
|
|
|
|
|
| Interest Expense for all Debt Arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
2024 |
|
2023 |
($ in thousands) |
|
Interest |
|
Fees |
|
Total |
|
Interest |
|
Fees |
|
Total |
Oaktree Note |
|
|
1,390 |
|
|
522 |
|
|
1,912 |
|
|
1,391 |
|
|
712 |
|
|
2,103 |
Partner company convertible preferred shares |
|
|
(403) |
|
|
45 |
|
|
(358) |
|
|
391 |
|
|
239 |
|
|
630 |
Partner company installment payments - licenses |
|
|
— |
|
|
— |
|
|
— |
|
|
85 |
|
|
— |
|
|
85 |
Partner company notes payable |
|
|
499 |
|
|
64 |
|
|
563 |
|
|
3,301 |
|
|
272 |
|
|
3,573 |
Other |
|
|
5 |
|
|
— |
|
|
5 |
|
|
34 |
|
|
— |
|
|
34 |
Total Interest Expense and Financing Fee |
|
$ |
1,491 |
|
$ |
631 |
|
$ |
2,122 |
|
$ |
5,202 |
|
$ |
1,223 |
|
$ |
6,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
2024 |
|
2023 |
($ in thousands) |
|
Interest |
|
Fees |
|
Total |
|
Interest |
|
Fees |
|
Total |
Oaktree Note |
|
|
2,781 |
|
|
1,024 |
|
|
3,805 |
|
|
2,781 |
|
|
1,136 |
|
|
3,917 |
Partner company convertible preferred shares |
|
|
(290) |
|
|
90 |
|
|
(200) |
|
|
651 |
|
|
299 |
|
|
950 |
Partner company installment payments - licenses |
|
|
— |
|
|
— |
|
|
— |
|
|
176 |
|
|
— |
|
|
176 |
Partner company notes payable |
|
|
985 |
|
|
126 |
|
|
1,111 |
|
|
4,801 |
|
|
432 |
|
|
5,233 |
Other |
|
|
8 |
|
|
— |
|
|
8 |
|
|
113 |
|
|
332 |
|
|
445 |
Total Interest Expense and Financing Fee |
|
$ |
3,484 |
|
$ |
1,240 |
|
$ |
4,724 |
|
$ |
8,522 |
|
$ |
2,199 |
|
$ |
10,721 |
|