| Schedule of Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
|
|
($ in thousands) |
|
2024 |
|
2023 |
|
Interest rate |
|
Maturity |
2024 Oaktree Note |
|
$ |
35,350 |
|
$ |
— |
|
12.9 |
% |
July - 2027 |
2020 Oaktree Note |
|
|
— |
|
|
50,000 |
|
11.0 |
% |
August - 2025 |
SWK Term Loan |
|
|
20,000 |
|
|
15,000 |
|
14.9 |
% |
December - 2027 |
Less: Discount on notes payable |
|
|
(2,877) |
|
|
(4,144) |
|
|
|
|
Total notes payable |
|
$ |
52,473 |
|
$ |
60,856 |
|
|
|
|
|
| Interest Expense for all Debt Arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
2024 |
|
2023 |
($ in thousands) |
|
Interest |
|
Fees |
|
Total |
|
Interest |
|
Fees |
|
Total |
2024 Oaktree Note |
|
|
861 |
|
|
145 |
|
|
1,006 |
|
|
— |
|
|
— |
|
|
— |
2020 Oaktree Note |
|
|
440 |
|
|
159 |
|
|
599 |
|
|
1,425 |
|
|
459 |
|
|
1,884 |
Loss on extinguishment of debt |
|
|
— |
|
|
3,582 |
|
|
3,582 |
|
|
— |
|
|
— |
|
|
— |
Partner company convertible preferred shares |
|
|
— |
|
|
— |
|
|
— |
|
|
234 |
|
|
140 |
|
|
374 |
Partner company installment payments - licenses |
|
|
— |
|
|
— |
|
|
— |
|
|
177 |
|
|
— |
|
|
177 |
Partner company notes payable |
|
|
671 |
|
|
87 |
|
|
758 |
|
|
33 |
|
|
58 |
|
|
91 |
Partner company contingent call option accretion |
|
|
261 |
|
|
— |
|
|
261 |
|
|
— |
|
|
— |
|
|
— |
Other |
|
|
3 |
|
|
— |
|
|
3 |
|
|
8 |
|
|
— |
|
|
8 |
Total Interest Expense and Financing Fee |
|
$ |
2,236 |
|
$ |
3,973 |
|
$ |
6,209 |
|
$ |
1,877 |
|
$ |
657 |
|
$ |
2,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2024 |
|
2023 |
($ in thousands) |
|
Interest |
|
Fees |
|
Total |
|
Interest |
|
Fees |
|
Total |
2024 Oaktree Note |
|
|
861 |
|
|
145 |
|
|
1,006 |
|
|
— |
|
|
— |
|
|
— |
2020 Oaktree Note |
|
|
3,220 |
|
|
1,184 |
|
|
4,404 |
|
|
4,206 |
|
|
1,595 |
|
|
5,801 |
Loss on extinguishment of debt |
|
|
— |
|
|
3,582 |
|
|
3,582 |
|
|
— |
|
|
— |
|
|
— |
Partner company convertible preferred shares |
|
|
(290) |
|
|
90 |
|
|
(200) |
|
|
886 |
|
|
439 |
|
|
1,325 |
Partner company installment payments - licenses |
|
|
— |
|
|
— |
|
|
— |
|
|
353 |
|
|
— |
|
|
353 |
Partner company notes payable |
|
|
1,656 |
|
|
212 |
|
|
1,868 |
|
|
4,834 |
|
|
490 |
|
|
5,324 |
Partner company contingent call option accretion |
|
|
261 |
|
|
— |
|
|
261 |
|
|
— |
|
|
— |
|
|
— |
Other |
|
|
12 |
|
|
— |
|
|
12 |
|
|
120 |
|
|
332 |
|
|
452 |
Total Interest Expense and Financing Fee |
|
$ |
5,720 |
|
$ |
5,213 |
|
$ |
10,933 |
|
$ |
10,400 |
|
$ |
2,856 |
|
$ |
13,255 |
|