Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2023
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,

 

 

 

2023

 

 

2022

 

SWK Loan

 

$

14,650

 

 

$

14,650

 

EIDL Loan

 

 

150

 

 

 

150

 

Discount and debt issuance costs on SWK Loan

 

 

(798

)

 

 

(1,009

)

Total

 

 

14,002

 

 

 

13,791

 

Current term loans, net of discount

 

 

2,100

 

 

 

700

 

Non-current term loans, net of discount

 

$

11,902

 

 

$

13,091

 
Summary of Future Minimum Principal and Interest Payments

The future minimum principal and interest payments as of June 30, 2023 are as follows (in thousands):

 

 

 

Principal

 

 

Interest (1)

 

Remainder of 2023

 

$

700

 

 

$

978

 

2024

 

 

2,800

 

 

 

1,690

 

2025

 

 

11,150

 

 

 

741

 

2026

 

 

—

 

 

 

9

 

2027 and thereafter

 

 

150

 

 

 

89

 

Total future payments

 

$

14,800

 

 

$

3,507

 

 

 

 

 

 

 

 

(1) Estimated using London Interbank Bank Offered Rate (“LIBOR”) as of June 30, 2023