The Company entered into
the Avenue Financing and financing arrangements for a portion of its Directors and Officers (“D&O”) insurance premiums,
as follows (in thousands):
| | |
| | |
| | |
Principal Repayments | | |
Outstanding Balance | |
| | |
Amount | | |
| | |
Three Months Ended
March 31, | | |
March 31 | | |
December 31, | |
| | |
Financed | | |
Interest Rate | | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Avenue Capital Note Principal and Final Payment Fee | |
$ | 8,500 | | |
| Prime + 5.25 | % | |
$ | - | | |
$ | - | | |
$ | 9,250 | | |
$ | 9,250 | |
| Yorkville Convertible Notes, at fair value | |
| 11,500 | | |
| 0.0 | % | |
| - | | |
| 2,365 | | |
| - | | |
| - | |
| 2025 Insurance Note | |
| 580 | | |
| 8.0 | % | |
| 157 | | |
| - | | |
| 269 | | |
| 426 | |
| 2024 Insurance Note | |
| 596 | | |
| 8.4 | % | |
| - | | |
| 178 | | |
| - | | |
| - | |
| | |
| | | |
| | | |
$ | 157 | | |
$ | 2,543 | | |
$ | 9,519 | | |
$ | 9,676 | |
| Less: current portion of notes payable | |
| | | |
| | | |
| | | |
| | | |
| (3,912 | ) | |
| (2,854 | ) |
| Unamortized debt discounts and debt issuance costs | |
| | | |
| | | |
| | | |
| | | |
| (1,105 | ) | |
| (1,284 | ) |
| Notes payable. long term | |
| | | |
| | | |
| | | |
| | | |
$ | 4,502 | | |
$ | 5,538 | |
|