Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.2
Debt (Tables)
 6 Months Ended
Jun. 30, 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 and the effective interest rate as of June 30, 2023:
  Effective interest rate June 30,
2023		 December 31,
2022
Adams Street Term Loan
 12.00  % $ 30,677  $ 30,626 
Adams Street Delayed Draw Term Loan
 12.00  14,844  14,819 
Adams Street Incremental Term Loan
 11.95  31,748  31,695 
D&O Financing Loans 1.92  —  1,798 
Total debt
 77,269  78,938 
Less: unamortized discounts and issuance costs
 1,443  1,615 
Total debt, net
 75,826  77,323 
Less: Short-term debt, including current portion of long-term debt
 780  2,578 
Total long-term debt, net
 $ 75,046  $ 74,745 
As of June 30, 2023, the 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