| Summary of Outstanding Debt |
All
of the convertible notes, as such convertible notes are discussed below, were repaid-in-full during the three months ended March 31,
2021. The fair value and face value principal of outstanding convertible notes at December 31, 2020 were as follows:
Summary of Outstanding Debt
| | |
Contractual
Maturity
Date | |
Stated
Interest Rate | | |
Conversion
Price per Share | | |
Face
Value Principal Outstanding | | |
Fair
Value | |
| November
2019 Senior Secured Convertible Note | |
September 30, 2021 | |
| 7.875 | % | |
$ | 1.60 | | |
$ | 956 | | |
$ | 1,270 | |
| April
2020 Senior Convertible Note | |
April 30, 2022 | |
| 7.875 | % | |
$ | 5.00 | | |
$ | 4,111 | | |
$ | 4,600 | |
| August
2020 Senior Secured Convertible Note | |
August 6, 2022 | |
| 7.875 | % | |
$ | 5.00 | | |
$ | 7,750 | | |
$ | 8,790 | |
| Balance
as of December 31, 2020 | |
| |
| | | |
| | | |
$ | 12,817 | | |
$ | 14,660 | |
|
| Schedule of Senior Convertible Note Estimated Fair Value |
A
reconciliation of the fair value of the convertible notes for the year ended December 31, 2021 is as follows:
Schedule of Senior Convertible Note Estimated Fair Value
| | |
November
2019 Senior Secured Convertible Notes | | |
April
2020 Senior Convertible Note | | |
August
2020 Senior Secured Convertible Note | | |
Sum
of Balance Sheet Fair Value Components | | |
Other
Income (Expense) | |
| Fair
Value - December 31, 2020 | |
$ | 1,270 | | |
$ | 4,600 | | |
$ | 8,790 | | |
$ | 14,660 | | |
$ | — | |
| Installment
repayments – common stock | |
| (956 | ) | |
| — | | |
| — | | |
| (956 | ) | |
| — | |
| Non-installment
payments – common stock | |
| (7 | ) | |
| — | | |
| — | | |
| (7 | ) | |
| — | |
| Non-installment
payments – cash | |
| — | | |
| (52 | ) | |
| (102 | ) | |
| (154 | ) | |
| — | |
| Change
in fair value | |
| (307 | ) | |
| (437 | ) | |
| (938 | ) | |
| (1,682 | ) | |
| 1,682 | |
| Principal
repayments - cash | |
| — | | |
| (4,111 | ) | |
| (7,750 | ) | |
| (11,861 | ) | |
| — | |
| Fair
Value at December 31, 2021(1) | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
| - | |
| Other
Income (Expense) - Change in fair value – year ended December 31, 2021(1) | |
| | | |
| | | |
| | | |
| | | |
$ | 1,682 | |
| (1) | | As discussed above,
all remaining convertible notes were previously repaid during the three months ended March 31, 2021. |
A
reconciliation of the fair value of the convertible notes for the year ended December 31, 2020 is as follows:
| | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
December
2018 Senior Secured Convertible Note | | |
November
2019 Senior Secured Convertible Notes | | |
April
2020 Senior Convertible Note | | |
August
2020 Senior Secured Convertible Note | | |
Sum
of Balance Sheet Fair Value Components | | |
Other
Income (Expense) | |
| Fair
Value - December 31, 2019 | |
$ | 1,700 | | |
$ | 6,439 | | |
$ | — | | |
$ | — | | |
$ | 8,139 | | |
$ | — | |
| Face
value principal – issue date | |
| — | | |
| 7,000 | | |
| 4,111 | | |
| 7,750 | | |
| 18,861 | | |
| — | |
| Fair
value adjustment – issue date | |
| — | | |
| 2,600 | | |
| (411 | ) | |
| (750 | ) | |
| 1,439 | | |
| (1,439 | ) |
| Installment
repayments – common stock | |
| (1,692 | ) | |
| (13,044 | ) | |
| — | | |
| — | | |
| (14,736 | ) | |
| — | |
| Non-installment
payments – common stock | |
| (6 | ) | |
| (464 | ) | |
| — | | |
| — | | |
| (470 | ) | |
| — | |
| Non-installment
payments – cash | |
| — | | |
| (138 | ) | |
| (216 | ) | |
| (246 | ) | |
| (600 | ) | |
| — | |
| Change
in fair value | |
| (2 | ) | |
| (1,123 | ) | |
| 1,116 | | |
| 2,036 | | |
| 2,027 | | |
| (2,027 | ) |
| Lender
Fees: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| November
2019 Senior Secured Convertible Note - Series B; | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (700 | ) |
| April
2020 Senior Convertible Note; and | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (411 | ) |
| August
2020 Senior Secured Convertible Note | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (750 | ) |
| Fair
Value at December 31, 2020 | |
$ | — | | |
$ | 1,270 | | |
$ | 4,600 | | |
$ | 8,790 | | |
$ | 14,660 | | |
| - | |
| Other
Income (Expense) - Change in fair value – year ended December 31, 2020 | |
| | | |
| | | |
| | | |
| | | |
| | | |
$ | (5,327 | ) |
|