CONVERTIBLE NOTES (Tables)

12 Months Ended

Dec. 31, 2019

Long-term debt consists of the following:


	Dollars in Thousands
	December 31, 2019		December 31, 2018
Department of Economic and Community Development (DECD)	$	249	$	274
DECD debt issuance costs		(24)		(28)
Financed insurance loan		260		204
September 2018 Settlement		34		66
Total long-term debt		519		516
Current portion of long-term debt		(321)		(263)
Long-term debt, net of current maturities	$	198	$	253

Convertible Bridge Loan

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums


	For the Year Ended December 31,
	2019				2018
		Debt Discounts		Debt Premiums		Debt Discounts		Debt Premiums
Beginning balance at January 1	$	(1,111)	$	647	$	—	$	—
Additions:		(2,088)		—		(4,275)		879
Deductions:
Amortization (accretion) (1)		273		(167)		118		(170)
Write-off related to note conversions (2)		1,130		(480)		—		(62)
Write-off related to note extinguishment (3)		—		—		3,046		—
Balance at December 31	$	(1,796)	$	—	$	(1,111)	$	647

(1)

Amortization/accretion is recognized as interest expense/income within the consolidated statements of operations based on the effective interest method.

(2)

Write-offs associated with note conversions are recognized as an offset to additional paid-in capital at the time of the conversion.

Write-offs associated with note extinguishment are recognized as a loss and included in loss on extinguishment of convertible notes in the consolidated statements of operations.

Convertible promissory notes - Exchange Notes

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums

During the year ended December 31, 2019 and 2018, the change in Exchange Note debt discounts was as follows:


(Dollars in thousands)	For the Year Ended December 31,
		2019		2018
Beginning balance at January 1	$	(83)	$	—
Additions:		—		(383)
Deductions:
Amortization (1)		2		28
Write-off related to note conversions (2)		81		272
Balance at December 31	$	—	$	(83)

(1)

Amortization is recognized as interest expense within the condensed consolidated statements of operations based on the effective interest method.

Write-offs associated with note conversions are recognized as an offset to additional paid-in capital at the time of the conversion.

Convertible Debt [Member]

Debt Instrument [Line Items]

Schedule of debt


	Dollars in Thousands
	December 31, 2019		December 31, 2018
Convertible bridge notes	$	1,938	$	4,294
Convertible bridge notes discount and debt issuance costs		(1,796)		(1,111)
Convertible bridge notes premiums		—		647
Convertible promissory notes - Exchange Notes		—		630
Convertible promissory notes - Exchange notes debt issuance costs		—		(83)
Total convertible notes		142		4,377
Current portion of convertible notes		(142)		(4,377)
Convertible notes, net of current maturities	$	—	$	—