CONVERTIBLE NOTES (Tables)

9 Months Ended

Sep. 30, 2020


	Dollars in Thousands
	September 30, 2020		December 31, 2019
Department of Economic and Community Development (DECD)	$	240	$	249
DECD debt issuance costs		(22)		(24)
Financed insurance loan		19		260
September 2018 Settlement		6		34
Paycheck Protection Program		787		—
Total long-term debt		1,030		519
Current portion of long-term debt		(530)		(321)
Long-term debt, net of current maturities	$	500	$	198

Convertible Bridge Loan

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums

During the three and nine months ended September 30, 2020 and 2019, the change in Bridge Note debt discounts and debt premiums was as follows:


(Dollars in thousands)	For the Three Months Ended September 30,
	2020				2019
		Debt Discounts		Debt Premiums		Debt Discounts		Debt Premiums
Beginning balance at July 1	$	—	$	—	$	(2,158)	$	—
Deductions:
Amortization (1)		—		—		41		—
Write-off related to note conversions (2)		—		—		63		—
Balance at September 30	$	—	$	—	$	(2,054)	$	—


	For the Nine Months Ended September 30,
	2020				2019
		Debt Discounts		Debt Premiums		Debt Discounts		Debt Premiums
Beginning balance at January 1	$	(1,796)	$	—	$	(1,111)	$	647
Additions:		—		793		(2,086)		—
Deductions:
Amortization (accretion) (1)		703		(385)		154		(167)
Write-off related to note conversions (2)		138		(408)		989		(480)
Write-off related to note extinguishment (3)		955		—		—		—
Balance at September 30	$	—	$	—	$	(2,054)	$	—

(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.

(3)

Write-offs associated with note extinguishment are recognized as a loss and included in loss on extinguishment of convertible notes in the condensed consolidated statements of operations.

Convertible promissory notes - Exchange Notes

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums

There was no Exchange Note activity during the three months ended September 30, 2019. During the nine months ended September 30, 2019, the change in Exchange Note debt discounts was as follows:


(Dollars in thousands)
	For the Nine Months Ended September 30, 2019
Beginning balance at January 1	$	(83)
Deductions:
Amortization (1)		2
Write-off related to note conversions (2)		81
Balance at September 30	$	—

(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
	September 30, 2020		December 31, 2019
Convertible bridge notes	$	—	$	1,938
Convertible bridge notes discount and debt issuance costs		—		(1,796)
Total convertible notes		—		142
Current portion of convertible notes		—		(142)
Convertible notes, net of current maturities	$	—	$	—