Promissory Notes (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of of outstanding convertible notes

The following table summarizes the outstanding promissory notes as of September 30, 2022 and December 31, 2021 (dollars in thousands):

		September 30, 2022				December 31, 2021
	Interest Rate	Principal Amount		Carrying Amount*		Principal Amount		Carrying Amount*
Convertible Debenture (a)	4%	$	9,250	$	9,250	$	57,500	$	57,809
Small Business Association Paycheck Protection Program (c)	1%	242		242		311		312
Tim ios	5.49	491		491		—		—
Energica lending arrangements	0.06% - 5.7%	3,250		3,250		—		—
Total		$	13,233	13,233		$	57,811	58,121
Less: Current portion				(11,674)				(58,121)
Long-term Note, less current portion				$	1,559			$	—

During the year ended December 31, 2021, the Company issued several convertible debt instruments to YA II PN, the terms of which are summarized in the following table (principal and gross proceeds in thousands):

	YA II PN Note 1			YA II PN Note 2			YA II PN Note 3			YA II PN Note 4
Principal	$	37,500		$	37,500		$	65,000		$	80,000
Gross proceeds	$	37,500		$	37,500		$	65,000		$	80,000
Interest rate	4.0		%	4.0		%	4.0		%	4.0		%
Conversion price	$	2.00		$	3.31		$	4.12		$	4.95
Maturity dates	July 4, 2021			July 15, 2021			July 28, 2021			August 8, 2021