Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes

v3.19.3
Convertible Notes
3 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Convertible Notes

Note 9. Convertible Notes

 

The following table summarizes convertible debt as of September 30, 2019 (in thousands): 

 

    Maturity Date   Stated Interest Rate     Conversion
Price
    Face Value     Remaining
Debt
(Discount)
    Fair Value of
Embedded
Conversion Option
    Carrying Value  
Long Term convertible notes payable                                                    
6.5% convertible senior secured notes   5/31/2023     6.50 %   $ 5.00     $ 15,000     $ (6,200 )   $ 1,185     $ 9,985  
6.5% convertible senior notes   11/30/2023     6.50 %   $ 5.10     $ 10,000     $ (829 )   $ 114     $ 9,285  
                                                     
Ending Balance as of September 30, 2019                       $ 25,000     $ (7,029 )   $ 1,299     $ 19,270  

 

The following table summarizes convertible debt as of June 30, 2019 (in thousands):  

  

    Maturity Date   Stated Interest Rate     Conversion
Price
    Face Value     Remaining
Debt
(Discount)
    Fair Value of
Embedded
Conversion Option
    Carrying Value  
Long Term convertible notes payable                                                    
6.5% convertible senior secured notes   5/31/2023     6.50 %   $ 5.00     $ 15,000     $ (6,825 )   $ 955     $ 9,130  
6.5% convertible senior notes   11/30/2023     6.50 %   $ 5.10     $ 10,000     $ (915 )   $     $ 9,085  
                                                     
Ending Balance as of June 30, 2019                       $ 25,000     $ (7,740 )   $ 955     $ 18,215