BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

6 Months Ended

Jun. 30, 2021

Summary of Principal Outstanding and Unamortized Discount

The following table presents the details of the principal outstanding and unamortized discount (in thousands):


	June 30,			December 31,
	2021			2020
SWK Loan	$	14,300		$	14,300
PPP Loan		—			2,980
EIDL Loan		150			150
Discount and debt issuance costs on SWK Loan		(1,047	)		(1,244	)
Total		13,403			16,186
Current term loans, net of discount		(700	)		—
Non current term loans, net of discount	$	12,703		$	16,186

Summary of Future Minimum Principal and Interest Payments

The future minimum principal and interest payments as of June 30, 2021 are as follows (in thousands):


	Principal		Interest (1)
Remainder of 2021	$	—	$	886
2022		2,100		1,716
2023		2,800		1,393
2024		9,400		1,899
2025		1		8
2026 and thereafter		149		88
Total future payments	$	14,450	$	5,990

(1) Estimated using London Interbank Bank Offered Rate (“LIBOR”) as of June 30, 2021

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details