Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The table below presents details of the Company’s debt as of the following periods including the effective interest rate as of March 31, 2023:
  Effective interest rate March 31,
2023		 December 31,
2022
Adams Street Term Loan
 11.55  % $ 30,702  $ 30,626 
Adams Street Delayed Draw Term Loan
 11.54  14,856  14,819 
Adams Street Incremental Term Loan
 11.49  31,773  31,695 
D&O Financing Loans 1.92  899  1,798 
Total debt
 78,230  78,938 
Less: unamortized discounts and issuance costs
 1,532  1,615 
Total debt, net
 76,698  77,323 
Less: Short-term debt, including current portion of long-term debt
 1,679  2,578 
Total long-term debt, net
 $ 75,019  $ 74,745 
As of March 31, 2023, outstanding principal on the Adams Street Credit Agreement incurs cash interest in accordance with the prime rate plus the applicable rates as set forth in the table below:

  Eurocurrency Rate Base Rate
Term loans
 6.00  % 5.00  %
Revolving credit facility:
Aggregate principal of $5.0 million or less
6.00  5.00 
Aggregate principal in excess of $5.0 million
 7.50  6.50