Indebtedness

12 Months Ended

Dec. 31, 2022

Indebtedness

Indebtedness

9. Indebtedness

As a result of the acquisition of VCN the Company acquired interest-free or below-market interest rates loans (0%-1%) extended by Spanish governmental institutions of Ministerio de Ciencia, Innovacion y Universidades and ACC10 Generalitat de Catalunya. The maturities of these loans are between 2027 and 2028. The Company is required to maintain a restricted cash collateral account of $99,000 relating to the RETOS 2015 loan, which is reflected as a non-current asset on the balance sheet.

	December 31, 2022		December 31, 2022
	Current		Non-current
NEBT Loan	$	13	$	31
RETOS 2015 Loan		44		190
	$	57	$	221

A maturity analysis of the debt as of December 31, 2022 is as follows (amounts in thousands of dollars):

2023	$	57
2024		61
2025		63
2026		52
2027		32
2028		13
Total	$	278