Annual report pursuant to Section 13 and 15(d)

Short-Term and Long-Term Debt (Tables)

v3.22.1
Short-Term and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

 

(in thousands)  

As of

December 31, 2021

   

As of

December 31, 2020

 
Senior Secured Convertible Debenture     500          
Debt Discount     (467 )      
Senior Secured Convertible Debenture, net     33        
Paycheck Protection Program loan     1,000       1,900  
Paycheck Protection Program loan 2     1,900        
IPFS Insurance Premium Note Payable     11        
Total debt     2,944       1,900  
Less current portion of long-term debt     (1,011 )      
Total long-term debt, net of current portion   $ 1,933     $ 1,900  
Schedule of Short-term Related Party Debt

 

(in thousands)  

As of

December 31, 2021

   

As of

December 31, 2020

 
Senior Secured Convertible Debenture - related party   $ 346     $  
Debt Discount-related party     (204 )        
Senior Secured Convertible Debenture - related party, net     142     $  
Schedule of Debt Maturities

The following is a summary of scheduled debt maturities by year (in thousands):

 

           
2022     $ 1,153  
2023        
2024        
2025        
2026       1,933  
Thereafter        
Total debt     $ 3,086