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Simplify Loan (Tables)

9 Months Ended

Sep. 30, 2024

Simplify Loan

Summary of Interest Expense

The following table represents interest expense:

Summary of Interest Expense

		2024				2023				2024				2023
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Amortization of debt costs:
Line of Credit		$	-			$	54			$	418			$	161
2023 Notes			-				64				113				64
Senior Secured Notes			23				228				68				676
Delayed Draw Term Notes			2				26				8				77
2022 Bridge Notes			5				161				19				1,200
Total amortization of debt costs			30				533				626				2,178
Noncash and accrued interest:
2023 Notes			204				-				608				-
Senior Secured Notes			1,601				-				4,771				-
Delayed Draw Term Notes			102				-				304				-
2022 Bridge Notes			920				-				2,740				-
Other			-				152				-				754
Total noncash and accrued interest			2,827				152				8,423				754
Cash paid interest:
Line of Credit			-				598				1,706				1,345
Simplify Loan			189				-				552				-
2023 Notes			-				44				-				44
Senior Secured Notes			-				1,602				-				4,754
Delayed Draw Term Notes			-				102				-				303
2022 Bridge Notes			-				1,317				-				3,764
Other			113				32				440				421
Total cash paid interest ⁽¹⁾			302				3,695				2,698				10,631
Less interest income ⁽²⁾			-				(338	)			-				(338	)
Total interest expense		$	3,159			$	4,042			$	11,747			$	13,225

⁽¹⁾	During the three months ended September 30, 2024, prior accrued interest of $363 related to the Simplify Loan was paid in cash, resulting in $665 of total cash paid interest.

⁽²⁾	During the three and nine months ended September 30, 2023, the Company recorded interest income of $338 related to refunds received from the employee retention credits.