|
The following table provide a summary of the outstanding Note at December 31, 2019:
|
(in millions) |
|
Conversion
price |
|
|
Current interest
rate |
|
|
Principal |
|
|
Long term convertible notes payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.0% July 2019 Notes |
|
$ |
1,500 |
|
|
|
8 |
% |
|
$ |
2.0 |
|
The following table provides a summary of the Notes by their maturity dates (absent provisions of default) at December 31, 2018:
|
(in millions) |
|
Interest
rate |
|
Conversion
price |
|
|
Principal |
|
|
Unamortized
Discount |
|
|
Carrying
value |
|
|
December 4, 2018 |
|
8.0% |
|
$ |
1.75 |
|
|
$ |
1.7 |
|
|
$ |
— |
|
|
$ |
1.7 |
|
|
March 1, 2019 |
|
8.0% |
|
|
1.75 |
|
|
|
0.6 |
|
|
|
(0.5 |
) |
|
|
0.1 |
|
|
March 21, 2019 |
|
8.0% |
|
|
1.75 |
|
|
|
0.4 |
|
|
|
(0.2 |
) |
|
|
0.2 |
|
|
December 4, 2019 |
|
8.0% |
|
|
1.75 |
|
|
|
0.9 |
|
|
|
(0.9 |
) |
|
|
— |
|
|
March 1, 2020 |
|
8.0% |
|
|
1.75 |
|
|
|
0.8 |
|
|
|
(0.8 |
) |
|
|
— |
|
|
March 21, 2020 |
|
8.0% |
|
|
1.75 |
|
|
|
0.1 |
|
|
|
(0.1 |
) |
|
|
— |
|
|
Total Convertible Notes Payable,
net |
|
|
|
|
|
|
|
$ |
4.5 |
|
|
$ |
(2.5 |
) |
|
$ |
2.0 |
|
|