Quarterly report pursuant to Section 13 or 15(d)

DEBT AND INTEREST EXPENSE (Tables)

v3.23.1
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