CONVERTIBLE NOTES (Tables)

3 Months Ended

Mar. 31, 2019


	Dollars in Thousands
	March 31, 2019		December 31, 2018
Department of Economic and Community Development (DECD)	$	267	$	274
DECD debt issuance costs		(27)		(28)
Financed insurance loan		102		204
September 2018 Settlement		57		66
Total long-term debt		399		516
Current portion of long-term debt		(161)		(263)
Long-term debt, net of current maturities	$	238	$	253

Convertible Bridge Loan

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums


(Dollars in thousands)	2019
		Debt Discounts		Debt Premiums
Beginning balance at January 1	$	1,111	$	647
Deductions:
Amortization/accretion (1)		(58)		(160)
Write-off related to note conversions (2)		—		(396)
Balance at March 31	$	1,053	$	91

(1)

Amortization/accretion is recognized as interest expense/income within the condensed consolidated statements of operations based on the effective interest method.

(2)

Write-offs associated with note conversions are recognized as an offset to additional paid-in capital at the time of the conversion.

Convertible promissory notes - Exchange Notes

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums


(Dollars in thousands)		2019
Beginning balance at January 1	$	83
Deductions:
Amortization (1)		(2)
Write-off related to note conversions (2)		(81)
Balance at March 31	$	—

(1)

Amortization is recognized as interest expense within the condensed consolidated statements of operations based on the effective interest method.

(2)

Write-offs associated with note conversions are recognized as an offset to additional paid-in capital at the time of the conversion.

Convertible Debt [Member]

Debt Instrument [Line Items]

Schedule of debt


	Dollars in Thousands
	March 31, 2019		December 31, 2018
Convertible bridge notes	$	2,170	$	4,294
Convertible bridge notes discount and debt issuance costs		(1,053)		(1,111)
Convertible bridge notes premiums		91		647
Convertible promissory notes - Exchange Notes		—		630
Convertible promissory notes - Exchange notes debt issuance costs		—		(83)
Convertible promissory notes - Crede Note		1,450		—
Convertible promissory notes - Leviston Note		471		—
Total convertible notes		3,129		4,377
Current portion of convertible notes		(3,129)		(4,377)
Convertible notes, net of current maturities	$	—	$	—