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v3.21.1

Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Long-Term Debt |
Schedule of Warrants, Valuation assumptions, Black-Scholes method |
Risk-free interest rate | 1.82%
Expected life of warrants (years) | 7
Expected price volatility | 49.94%
Expected dividend yield | 0%
The carrying amount of the Notes was then determined by deducting the fair value of the Warrants from the principal amount of the Notes. The carrying amount of the Notes was further separated into equity and liability components after separating the value of the conversion feature into an equity component and leaving the remaining value as liability. The equity component is not remeasured while the Notes and Warrants continue to meet the conditions for equity classification for equity components. The original issue discount and issuance costs are netted against the liability. The following table represents the carrying value of Notes and Warrants:
Schedule of carrying value of Notes and Warrants |
|  | March 31, 2021 |  |  | December 31, 2020 |
Liability component: |  |  |  |  |  |  |  |
Principal |  | $ | 2,910 |  |  | $ | 3,000 |
Less: debt discount and issuance costs, net of amortization |  |  | (532 | ) |  |  | (581 | )
Net carrying amount |  | $ | 2,378 |  |  | $ | 2,419 |
Equity component(1): |  |  |  |  |  |  |  |
Warrants |  | $ | 318 |  |  | $ | 318 |
Conversion feature |  |  | 122 |  |  |  | 122 |
Net carrying amount |  | $ | 440 |  |  | $ | 440 |
Current portion of liability component included under short-term debt |  | $ | 450 |  |  | $ | 360 |
Long-term portion of liability component included under long-term debt |  |  | 1,928 |  |  |  | 2,059 |
Liability component total |  | $ | 2,378 |  |  | $ | 2,419 |
Schedule of maturities of principal amount contained in the Notes |
Year ending December 31, |  | Principal Amount Maturing |
2021 (Remainder) |  | $ | 270 |
2022 |  |  | 720 |
2023 |  |  | 1,920 |
2024 |  |  | — |
Total principal amount |  | $ | 2,910 |
Schedule of paycheck protection program loan liabilities |
|  | March 31, 2021 |  |  | December 31, 2020 |
Current portion of the PPP Loan included under short-term debt |  | $ | 500 |  |  | $ | 312 |
Long-term portion of the PPP Loan included under long-term debt |  |  | 999 |  |  |  | 1,187 |
Liability component total |  | $ | 1,499 |  |  | $ | 1,499 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of warrants using black-scholes method. + References No definition available. + Details
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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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