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

    

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