Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Key Inputs to Simulation Model Utilized to Estimate Fair Value of Convertible Debentures

The Company notes that the key inputs to the valuation models that were utilized to estimate the fair value of the Convertible Debentures included:

Input	December 31, 2019			February 21, 2019
Company’s stock price	$	7.77		$	11.64
Conversion price		4.00			4.00
Remaining term (years)		1.97			0.00
Equity volatility		49.00	%		N/A
Risk free rate		1.57	%		N/A
1 Probabilty of default event		0.45	%		N/A
1 Utilization of Forced Conversion (if available)		100.00	%		100.00	%
1 Exercise of Default Redemption (if available)		100.00	%		N/A
1 Effective discount rate		18.52	%		N/A

1  Represents a Level 3 unobservable input, as defined in Note 8 - Fair Value Measurements, below.

Schedule of Fair Value and Principal Value of Convertible Debentures

The fair value and principal value of the Convertible Debentures as of December 31, 2019 and the Conversion Date was as follows (in thousands):

Convertible Debentures	December 31, 2019		February 21, 2020
Fair value, in accordance with fair value option	$	13,642	$	21,164
Principal value outstanding	$	6,970	$	6,970

Summary of Future Principal and Interest Payments Related to Loan Agreement and Convertible Debentures

Future principal, interest payments, and final payment related to the Loan Agreement are as follows (in thousands):

Fiscal Year	Amount Due
2020	$	188
2021		1,238
2022		2,875
2023		2,735
2024		1,004
Total	$	8,040

Interest Expense in Consolidated Income Statement

The following amounts are included in interest expense in our consolidated statement of operations for the three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Cash interest expense	$	95	$	75	$	138	$	157
Interest on convertible debentures		—		87		49		174
Accrual of notes payable final payment		8		32		39		64
Amortization of debt costs		12		7		19		14
Interest expense capital lease		—		1		—		2
Total interest expense	$	115	$	202	$	245	$	411