CONVERTIBLE NOTES (Tables)

3 Months Ended

Mar. 31, 2020


	Dollars in Thousands
	March 31, 2020		December 31, 2019
Department of Economic and Community Development (DECD)	$	242	$	249
DECD debt issuance costs		(24)		(24)
Financed insurance loan		131		260
September 2018 Settlement		25		34
Total long-term debt		374		519
Current portion of long-term debt		(180)		(321)
Long-term debt, net of current maturities	$	194	$	198

Convertible Bridge Loan

Debt Instrument [Line Items]

Summary of change in Bridge Note debt discounts and debt premiums


	For the Three Months Ended March 31,
	2020				2019
		Debt Discounts		Debt Premiums		Debt Discounts		Debt Premiums
Beginning balance at January 1	$	(1,796)	$	—	$	(1,111)	$	647
Additions:		—		793		—		—
Deductions:
Amortization (accretion) (1)		703		(39)		58		(160)
Write-off related to note conversions (2)		138		(75)		—		(396)
Write-off related to note extinguishment (3)		955		—		—		—
Balance at March 31	$	—	$	679	$	(1,053)	$	91

(1)

Amortization/accretion is recognized as interest expense/income within the condensed 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.

(3)

Write-offs associated with note extinguishment are recognized as a loss and included in loss on extinguishment of convertible notes in the condensed 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 three months ended March 31, 2019, the change in Exchange Note debt discounts was as follows:


(Dollars in thousands)
	For the Three Months Ended March 31, 2019
Beginning balance at January 1	$	(83)
Deductions:
Amortization (1)		2
Write-off related to note conversions (2)		81
Balance at March 31	$	—

(1)

Amortization is recognized as interest expense within the condensed 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.

Convertible Debt [Member]

Debt Instrument [Line Items]

Schedule of debt


	Dollars in Thousands
	March 31, 2020		December 31, 2019
Convertible bridge notes	$	1,613	$	1,938
Convertible bridge notes discount and debt issuance costs		—		(1,796)
Convertible bridge notes premiums		679		—
Total convertible notes		2,292		142
Current portion of convertible notes		(2,292)		(142)
Convertible notes, net of current maturities	$	—	$	—