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Note Payable | 6 Months Ended
--- | ---
Jun. 30, 2022
Note Payable |
Note Payable | Note 10. Notes Payable Notes payable consisted of the following at June 30, 2022 and December 31, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2022 | ​ | 2021
Principal amount of CRYOPDP note payable | ​ | $ | 1,043 | ​ | $ | 1,133
Principal amount of Cell&Co notes payable | ​ |  | 432 | ​ |  | —
Less: discount on CRYOPDP note payable | ​ |  | (22) | ​ |  | (47)
Total notes payable | ​ |  | 1,453 | ​ |  | 1,086
Less: current portion of notes payable | ​ |  | (1,079) | ​ |  | —
Notes payable – long term | ​ | $ | 374 | ​ | $ | 1,086
​ Interest expense incurred in connection with the notes payable consisted of the following for the three and six months ended June 30, 2022 and 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Interest expense | ​ | $ | 2 | ​ | $ | — | ​ | $ | 2 | ​ | $ | —
Amortization of debt discount |  | ​ | 11 |  | ​ | 33 |  | ​ | 21 |  | ​ | 98
Total interest expense on notes payable | ​ | $ | 13 | ​ | $ | 33 | ​ | $ | 23 | ​ | $ | 98
​ CRYOPDP Note In connection with the acquisition of CRYOPDP, the Company assumed an interest free unsecured note payable of €4.0 million ($4.5 million) repayable in two installments. The first installment of €3.0 million ($3.4 million) was paid in December 2021 and the second installment of €1.0 million ($1.1 million) is to be repaid no later than December 31, 2022. A fair market value discount of €0.2 million ($0.3 million) was recorded and is amortized to interest expense using the effective interest method over the term of the note. Cell&Co Notes In connection with the acquisition of Cell&Co, the Company assumed two notes payable totaling €0.4 million ($0.4 million) bearing interest rates of 0.6% and 1.06%, respectively, payable quarterly, maturing in July 2027 and June 2030, respectively. Future note payments as of June 30, 2022 were as follows (in thousands): ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
2022 (excluding the six months ended June 30, 2022) | ​ | $ | 1,072
2023 | ​ |  | 59
2024 | ​ |  | 59
2025 | ​ |  | 60
2026 | ​ |  | 60
Thereafter | ​ |  | 165
Total note maturities | ​ |  | 1,475
Debt discount | ​ | ​ | (22)
Net notes payable carrying value | ​ | $ | 1,453
​

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