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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Long-Term Debt  
Schedule of Warrants, Valuation assumptions, Black-Scholes method

Risk-free interest rate

1.82%

Expected life of Warrants (years)

7

Expected price volatility

49.94%

Expected dividend yield

0%

Schedule of carrying value of Notes and Warrants

 

 

December 31, 2021

 

 

December 31, 2020

 

Liability component:

 

 

 

 

 

 

 

 

Principal

 

$

2,640

 

 

$

3,000

 

Less: debt discount and issuance costs, net of amortization

 

 

(385

)

 

 

(581

)

Net carrying amount

 

$

2,255

 

 

$

2,419

 

Equity component(1):

 

 

 

 

 

 

 

 

Warrants

 

$

318

 

 

$

318

 

Conversion feature

 

122

 

 

122

 

Net carrying amount

 

$

440

 

 

$

440

 










Current portion of liability component included under short-term debt
$ 720

$ 360
Long-term portion of liability component included under long-term debt

1,920


2,059
Liability component total
$ 2,640

$ 2,419
Schedule of maturities of principal amount contained in the Notes

Year ending December 31,

 

Principal Amount Maturing

 

2022

 

$

720

 

2023

 

 

1,920

 

Net carrying amount

 

$

2,640

 

Schedule of paycheck protection program loan liabilities

 

December 31, 2021

 

December 31, 2020

Current portion of the PPP Loan included under short-term debt

  $ 761  
$ 312

Long-term portion of the PPP Loan included under long-term debt

     

1,187

Total 

  $ 761  
$ 1,499