Journey Medical Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT AND INTEREST EXPENSE (Tables)

DEBT AND INTEREST EXPENSE (Tables)

3 Months Ended

Mar. 31, 2023

DEBT AND INTEREST EXPENSE

Schedule of debt obligation


March 31, 2023
								Net
		Principal			Unamortized			Carry
($’s in thousands)		Balance			Discount & Fees			Amount
EWB Revolving LOC		$	3,000		$	—		$	3,000
EWB Term Loan (Short-term)			10,000			86			9,914
Total Short-Term Debt		$	13,000		$	86		$	12,914
EWB Term Loan (Long-term)		$	10,000		$	71		$	9,929
Total Debt & Obligations		$	23,000		$	157		$	22,843


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 interest expense and financing fees


		Three-months ended March 31,
($’s in thousands)		2023			2022
Interest payments on EWB term loan and LOC		$	535		$	161
Amortization/Accretion			33			80
Imputed interest on acquired intangible assets			82			148
Total Interest Expense and Financing Fees		$	650		$	389