Quarterly report pursuant to Section 13 or 15(d)

Notes Payable

v3.22.4
Notes Payable
 6 Months Ended
Dec. 31, 2022
Convertible Notes Payable Disclosure [Abstract]  
Notes Payable

Note 10. Notes Payable

 

Convertible Senior Notes due 2027

 

The following table summarizes convertible debt as of December 31, 2022 (in thousands):

 

    Maturity
Date		   Stated
Interest
Rate		     Conversion
Price		     Face
Value		     Remaining
Debt
(Discount)		     Fair
Value of
Embedded
Derivatives		     Carrying
Value		  
Long Term convertible notes payable                                                    
6.0% convertible senior notes   06/15/2027     6.00 %   $ 4.71     $ 44,000     $ (3,008 )   $ 2,189     $ 43,181  
Ending Balance as of December 31, 2022                       $ 44,000     $ (3,008 )   $ 2,189     $ 43,181  

 

The following table summarizes convertible debt as of June 30, 2022 (in thousands):

 

    Maturity
Date		   Stated
Interest
Rate		     Conversion
Price		     Face
Value		     Remaining
Debt
(Discount)		     Fair
Value of
Embedded
Derivatives		     Carrying
Value		  
Long Term convertible notes payable                                        
6.0% convertible senior notes   06/15/2027     6.00 %   $ 4.71     $ 44,000     $ (3,297 )   $ 3,028     $ 43,731  
Ending Balance as of June 30, 2022                       $ 44,000     $ (3,297 )   $ 3,028     $ 43,731  

 

Interest expense on the Notes during the three months ended December 31, 2022 included contractual interest of $660 thousand and debt discount amortization of $146 thousand. Interest expense on the Notes during the six months ended December 31, 2022 included contractual interest of $1,320 thousand and debt discount amortization of $290 thousand.