Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.24.3
DEBT (Tables)
9 Months Ended
Sep. 30, 2024
DEBT  
Schedule of debt obligation

September 30,

December 31,

($’s in thousands)

    

2024

    

2023

Principal balance

$

20,000

$

15,000

Plus: Exit fee

 

1,000

 

750

Less: Debt discount and fees

(1,215)

(1,128)

Net carry amount (Long-term)

$

19,785

$

14,622

Schedule of carrying value of long-term debt

As of September 30, 2024, the contractual maturities of the long-term debt, including the payment of the exit fee, are as follows (dollars in thousands):

Years ending December 31,

    

Term Loan

Remainder of 2024

$

2025

 

2026

 

6,000

2027

 

15,000

Total

 

21,000

Debt discount

 

(1,215)

Total, net

 

19,785

Current portion

 

Term-loan (long-term)

$

19,785