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Debt (Tables)

6 Months Ended

Jun. 30, 2022

Long-Term Debt

Schedule of Warrants, Valuation assumptions, Black-Scholes method

In accounting for the issuance of the Notes, the Company separated Notes and Warrants into liability and equity components. The carrying amount of Warrants, being an equity component, was first calculated using Black-Scholes method with the following assumptions:

Risk-free interest rate	1.82%
Expected life of warrants (years)	7
Expected price volatility	49.4%
Expected dividend yield	0%

Schedule of carrying value of Notes and Warrants

		June 30, 2022				December 31, 2021
Liability component:
Principal		$	2,280			$	2,640
Less: debt discount and issuance costs, net of amortization			(286	)			(385	)
Net carrying amount		$	1,994			$	2,255
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		$	810			$	720
Long-term portion of liability component included under long-term debt			1,470				1,920
Liability component total		$	2,280			$	2,640

Schedule of maturities of principal amount contained in the Notes

Year ending December 31,		Principal Amount Maturing
2022 (Remainder)		$	360
2023			1,920
2024			—
2025			—
Total principal amount		$	2,280

Schedule of paycheck protection program loan liabilities

		June 30, 2022				December 31, 2021
Current portion of the PPP Loan included under short-term debt		$	—			$	761
Long-term portion of the PPP Loan included under long-term debt			—				—
Liability component total		$	—			$	761

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- Definition

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- Definition

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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=123465755&loc=d3e1835-112601

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