Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
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