|
Note
8. Convertible Notes
The
following table summarizes convertible debt as of September 30, 2020 (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 |
|
|
$ |
(2,981 |
) |
|
$ |
1,066 |
|
|
$ |
13,085 |
|
| 6.5% convertible senior notes |
|
11/30/2023 |
|
|
6.50 |
% |
|
$ |
5.10 |
|
|
|
10,000 |
|
|
|
(469 |
) |
|
|
242 |
|
|
|
9,773 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending Balance as of September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
$ |
25,000 |
|
|
$ |
(3,450 |
) |
|
$ |
1,308 |
|
|
$ |
22,858 |
|
The
following table summarizes convertible debt as of June 30, 2020 (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 |
|
|
$ |
(3,918 |
) |
|
$ |
894 |
|
|
$ |
11,976 |
|
| 6.5% convertible senior notes |
|
11/30/2023 |
|
|
6.50 |
% |
|
$ |
5.10 |
|
|
|
10,000 |
|
|
|
(564 |
) |
|
|
216 |
|
|
|
9,652 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending Balance as of June 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
$ |
25,000 |
|
|
$ |
(4,482 |
) |
|
$ |
1,110 |
|
|
$ |
21,628 |
|
|