Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

v3.22.1
Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Long-term Debt  
Summary of components of long-term debt

The components of the Company’s long-term debt consisted of the following (in thousands):

December 31, 

2021

    

2020

Term loans payable

$

10,000

$

10,000

Revolving line of credit outstanding

 

 

3,550

Convertible note

 

 

3,000

Less: Unamortized discount

 

(55)

 

(118)

 

9,945

 

16,432

Less: Current portion of long-term debt

 

2,000

 

Long-term debt, net of discount

$

7,945

$

16,432

Summary of future principal payments on long-term debt

As of December 31, 2021, future principal payments on long-term debt are as follows (in thousands):

Year Ending December 31,

    

2022

$

2,000

2023

 

4,000

2024

 

4,000

$

10,000