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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Principal Outstanding and Unamortized Discount

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


	September 30,			December 31,
	2023			2022
SWK Loan	$	14,650		$	14,650
EIDL Loan		150			150
Discount and debt issuance costs on SWK Loan		(693	)		(1,009	)
Total		14,107			13,791
Current term loans, net of discount		2,800			700
Non-current term loans, net of discount	$	11,307		$	13,091

Summary of Future Minimum Principal and Interest Payments

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


	Principal		Interest (1)
Remainder of 2023	$	700	$	489
2024		2,800		1,690
2025		11,150		741
2026		—		9
2027 and thereafter		150		89
Total future payments	$	14,800	$	3,018

(1)

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

- 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.

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+ Details