Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes

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Convertible Notes
6 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Convertible Notes

Note 9. Convertible Notes

 

The following table summarizes convertible debt as of December 31, 2019 (in thousands): 

 

    Maturity Date   Stated Interested 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      $ (5,508 )    $ 1,425      $ 10,917  
6.5% convertible senior notes   11/30/2023   6.50%   $ 5.10     $ 10,000       (742 )     200          9,458  
Ending Balance as of December 31, 2019                   $ 25,000      $ (6,250 )    $ 1,625      20,375   

 

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

 

    Maturity Date   Stated Interested 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