Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

v3.24.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2023
DEBT  
Schedule of debt obligation

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​

​

​

​

​

    

December 31,

($’s in thousands)

​

2023

​

​

​

​

Principal balance

​

$

15,000

Plus: Exit fee

​

 

750

Less: Debt discount and fees

​

​

(1,128)

Net carry amount (Long-term)

​

$

14,622

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022  

​

    

​

​

    

  

​

    

Net  

​

​

Principal

​

Unamortized

​

Carry

($’s in thousands)

​

Balance

​

Discount & Fees

​

Amount

​

​

​

​

​

​

​

​

​

​

Deferred cash payment

​

$

5,000

​

$

9

 

$

4,991

EWB Revolving LOC

​

 

2,948

​

 

—

 

 

2,948

Total Short-Term Debt

​

$

7,948

​

$

9

 

$

7,939

EWB Term Loan (Long-term)

​

$

20,000

​

$

174

 

$

19,826

Total Debt & Obligations

​

$

27,948

​

$

183

 

$

27,765

Schedule of carrying value of long-term debt

​

​

​

​

​

Years ending December 31,

    

Term Loan

2024

​

$

—

2025

​

 

—

2026

​

 

4,500

2027

​

 

11,250

Total

​

 

15,750

Debt discount

​

 

(1,128)

Total, net

​

 

14,622

Current portion

​

 

—

Term-loan (long-term)

​

$

14,622