Quarterly report pursuant to Section 13 or 15(d)

Short-Term and Long-Term Debt (Tables)

v3.22.1
Short-Term and Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term and Long-term Debt

(in thousands)   As of
March 31,
2022
    As of
December 31,
2021
 
             
Senior Secured Convertible Debenture   $ 500     $ 500  
Debt Discount     (442 )     (467 )
Senior Secured Convertible Debenture, net     58       33  
Paycheck Protection Program loan     1,000       1,000  
Paycheck Protection Program loan 2     1,900       1,900  
IPFS Insurance Premium Note Payable     5       11  
Total debt     2,963       2,944  
Less current portion of long-term debt     (1,005 )     (1,011 )
Total long-term debt, net of current portion   $ 1,958     $ 1,933  
Schedule Short-term Related Party Debt

 

(in thousands)  

As of

March 31, 2022

   

As of

December 31, 2021

 
Senior Secured Convertible Debenture - related party   $ 346     $ 346  
Debt Discount-related party     (133 )     (204 )
Senior Secured Convertible Debenture - related party, net     213     $ 142  
Schedule of Debt Maturities

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

 

         
2022   $ 1,218  
2023      
2024      
2025      
2026     1,958  
Thereafter      
Total debt   $ 3,176