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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt [Abstract]  
Convertible Note
On June 23, 2023, the Company entered into a second Securities Purchase Agreement (the “2023 Purchase Agreement”) with Lind Global, pursuant to which we issued to Lind Global that certain Senior Convertible Promissory Note, dated February 23, 2022 (the “2023 Convertible Note” and, together with the 2022 Convertible Note, the “Convertible Notes”)(see Note 1) and a common stock purchase warrant to acquire 426,427 shares of our Common Stock (the “2023 Warrant”). The 2023 Convertible Note does not bear interest but was issued at a $0.3 million discount (“OID”). We received proceeds of approximately $1.4 million net of the OID and expenses.

(in thousands)
 
2022
Convertible
Note
   
2023
Convertible
Note
   
Total
Convertible
Notes
 
   
Amount
   
Amount
   
Amount
 
                   
2022 Convertible Note issued
 
$
5,750
   
$
1,800
   
$
7,550
 
Debt discount
   
(750
)
   
(300
)
   
(1,050
)
Issuance cost:
                       
Commitment fee
   
(175
)
   
(52
)
   
(227
)
Balance of investor’s counsel fees
   
(43
)
   
(34
)
   
(77
)
Net proceeds of Convertible Note
 
$
4,782
   
$
1,414
   
$
6,196
 
                         
Additional OID costs not in original funds flow
   
(121
)
   
(15
)
   
(136
)
Fair value of Warrant Liabilities on issuance
   
(724
)
   
(1,119
)
   
(1,843
)
Fair value of Conversion Features on issuance
   
(306
)
   
(286
)
   
(592
)
Allocated OID costs to Convertible Note
   
25
     
30
     
55
 
Allocation of Discounts on Troubled Debt Restructuring
   
(660
)
   
660
     
-
 
Interest expense accrued on Convertible Note as of December 31, 2023
   
2,946
     
283
     
3,229
 
Principal and interest payments as of December 31, 2023
   
(5,462
)
   
-
     
(5,462
)
Balance of 2022 Convertible Note as of December 31, 2023
 
$
480
   
$
967
   
$
1,447
 

At December 31, 2023, the outstanding debt under the Convertible Note agreement was as follows:

   
Principal
   
Debt Discounts
   
Net
 
                   
Current portion of Long-Term Debt
 
$
1,849
   
$
(1,039
)
 
$
810
 
                         
Long-Term Debt less current portion
   
750
     
(113
)
   
637
 
                         
Balance of Convertible Notes as of December 31, 2023
 
$
2,599
   
$
(1,152
)
 
$
1,447
 

At December 31, 2022, the outstanding debt under the Convertible Note agreement was as follows:

   
Principal
   
Debt Discounts
   
Net
 
                   
Current portion of Long-Term Debt
 
$
3,833
   
$
(795
)
 
$
3,038
 
                         
Long-Term Debt less current portion
   
320
     
(10
)
   
310
 
                         
Balance of Convertible Notes as of December 31, 2022
 
$
4,153
   
$
(805
)
 
$
3,348
 
Future Principal Payments of Convertible Note
The following table details the future principal payments of the Convertible Note, gross of debt discounts:

(in thousands)
     
       
Years ended December 31:
     
2024
 
$
1,849
 
2025
   
750
 
Thereafter
   
-
 
   
$
2,599