Notes Receivable

3 Months Ended

Mar. 31, 2022

Notes Receivable [Abstract]

Notes Receivable

Note 7. Notes Receivable

The following table presents the Company’s notes receivable at March 31, 2022 ($ in thousands):

	Maturity Date	Stated Interest Rate			Principal Amount		Interest Receivable		Fair Value
Short-term convertible notes receivable
Convergent Investment	01/29/2023		8	%	$	2,000	$	187	$	2,187
Slinger Bag Inc Investment	08/06/2022		8	%	$	1,400	$	73	$	1,473
Nano Innovations Inc Investment	12/26/2022		10	%	$	750	$	20	$	769
Short-term notes receivable
Raefan Group LLC Investment	10/13/2022		8	%	$	2,780	$	103	$	2,882
Raefan Industries LLC Investment	12/06/2022		8	%	$	1,950	$	49	$	1,999
Total									$	9,310

Convergent Investment

The Company recorded an interest income receivable of approximately $0.2 million on the Convergent Convertible Note as of March 31, 2022.

Raefan Group LLC Investment

The Company recorded an interest income receivable of approximately $0.1 million on the Raefan Group Promissory Note as of March 31, 2022.

Raefan Industries LLC Investment

The Company recorded an interest income receivable of approximately $49,000 on the Raefan Industries Promissory Note as of March 31, 2022.

Slinger Bag Inc Investment

The Company recorded an interest income receivable of approximately $73,000 on the Slinger Bag Convertible Note as of March 31, 2022.

Nano Innovations Inc Investment

The Company recorded an interest income receivable of approximately $20,000 on the Nano Convertible Note as of March 31, 2022.