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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Principal Outstanding and Unamortized Discount

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


	March 31,			December 31,
	2021			2020
SWK Loan	$	14,300			$	14,300
PPP Loan		2,980				2,980
EIDL Loan		150				150
Discount and debt issuance costs on SWK Loan		(1,135	)			(1,244	)
Total		16,295				16,186
Current term loans, net of discount		—				—
Non current term loans, net of discount	$	16,295			$	16,186

Summary of Future Minimum Principal and Interest Payments

The future minimum principal and interest payments as of March 31, 2021 are as follows (in thousands):


	Principal		Interest (1)
2021 (nine months)	$	—		$	1,344
2022		5,080			1,755
2023		2,803			1,393
2024		9,403			1,900
2025		3			9
2026 and thereafter		141			73
Total future payments	$	17,430		$	6,474

(1) Estimated using London Interbank Bank Offered Rate (“LIBOR”) as of March 31, 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