|
Note 10. Notes Payable
Convertible Senior Notes due 2027
The following table summarizes convertible debt
as of September 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 |
|
|
$ |
(3,153 |
) |
|
$ |
3,007 |
|
|
$ |
43,854 |
|
| Ending Balance as of September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
$ |
44,000 |
|
|
$ |
(3,153 |
) |
|
$ |
3,007 |
|
|
$ |
43,854 |
|
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 September 30, 2022 included contractual interest of $660 thousand and debt discount amortization of $143 thousand.
|